General Appraisal
Is there somewhere I can go to look up general appraisal guidelines for a particular area in the USA ?

I'm currently shopping for properties in unfamiliar asset classes and want to be a little closer on my estimations than "well they probably go off a 10 CAP for this one"
[{"id": "cqz8tr4", "text": "There are published cap rate surveys you can find, Price Waterhouse Coopers, CBRE, realtyrates.com, Colliers, many of them give data by property type and region, some with specific cities.  Of course, the stuff you pay for will have more specialized info than the free stuff.  For instance, here's something from colliers.com, 2014 4th Quarter [public industrial survey](http://imgur.com/mwpVheY):\n\nYou'll want more than just cap rates, of course, you'll need vacancy, absorption, construction starts, but for that you don't really want \"general appraisal guidelines\" so much as you want an appraiser.  ", "replies": [], "depth": 1}, {"id": "cqzbz4o", "text": "which asset classes?  Some types will have their own reports in addition to what /u/Dim_Innuendo says.  \n\nat the end of the day, just remember cap basically measures risk &amp; investor demand.  Not saying that makes it easy, but if you need to figure out what the cap should be on a Marina in Nebraska or something that is something you need to make some custom assumptions/adjustments/etc on vs asking \"hey I've never been to Miami, but am trying to figure out what class a multifamily is trading at\" which any report covering that market is going to clue you into.", "replies": [{"id": "cqzenle", "text": "Industrial (flex,warehouse, manufacturing)\n\nOffice A/B\n\nApartments \n\nMostly, it's the industrial stuff that is challenging to pin down to within an acceptable range.  I have nearly no previous experience within this class and of course that is where I am doing all of my negotiating right now, and almost everything I am looking at, is in the Mid West to Southeast .... markets that I know nearly nothing about. \n\n I can get 90% of the way there with my own due diligence but with an $8m deal ... I dont want any major surprises with the appraisal.", "replies": [{"id": "cqzfibd", "text": "at that deal size I'd think you'd want someone local to be involved IMO.  \n\nIndustrial is an interesting class, and it seems like the hardest to value on an investment basis to me too.   Its a fun mix of location, underwriting the tenant, and valuing the property which can have all kinds of one of a kind bullshit going on or very hard to comp to stuff.  If you have any questions, at that kind of scale, I can't possibly imagine ordering a BPO from a good broker in that market is a bad idea before beginning any negotiations.  \n\nIf you are just trying to figure out metrics to use to weed 100 properties to 10 to see which to spend more than 15 minutes investigating, then the caps in the general reports are probably a good place to start.  \n\nOffice/Apartments should actually stay pretty close unless you are talking distressed, or long term credit grade tenants (which the market will matter less on and you can somewhat fallback to generally just underwriting the tenant).  \n\nNot sure any of that helped, but yeah if I was 90% on a 8 million deal I'd find a broker in that area to talk to about that last 10% before I fucked up for 10x the cost to get someone who knows that actual market to give some thoughts/valuation.", "replies": [], "depth": 3}, {"id": "cr1bebl", "text": "It might be a good idea to simply hire a local appraiser as a consultant, prior to making a deal, even prior to making an offer.  Appraisers watch these things constantly, they'll have all the local forecasts, and plenty of comps to get the best idea about local cap rates.  Appraisals don't have to be done just for the lender, and it seems like it would make sense for you to spend a couple thousand bucks to get some boots on the ground consulting advice before making an $8 Million deal.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]