A commercial appraisal usually costs from a few thousand dollars for a small property to well over ten thousand for a large or complex one, and the report can take weeks. One appraisal firm published fee ranges in February 2026, summarized below. Your quote will depend on your market and the appraiser.
Fee ranges from one published guide
Block Appraisals, "How Much Do Commercial Appraisals Cost?", published 27 February 2026, lists these ranges for full narrative reports. We cite them as one firm's published figures, not as a market rate.
| Property | Fee range (dollars) |
|---|---|
| Small properties (single-tenant retail, small offices, small mixed-use) | 2,500 to 6,000 |
| Mid-market assets (5 to 50 unit multifamily, small industrial, mid-size office or retail) | 5,000 to 12,000 |
| Larger or complex properties (hotels, medical office, development sites, multi-building assets) | 10,000 to 25,000 or more |
| Special-use or litigation work | 8,000 to 40,000 or more |
The same guide says portfolio assignments have no fixed range and are often discounted per asset, and that restricted-use or desktop assignments may cost less.
What decides the fee
- Scope: a full narrative report costs more than a limited one.
- Complexity: several buildings, mixed uses, hotel or medical use.
- Income analysis: leases to review and a rent roll to verify.
- Turnaround: rush work costs more.
- Purpose: litigation and eminent domain are priced separately.
A worked example (hypothetical numbers)
A buyer is closing on a 5,000,000 loan. Take the mid-market range above: a fee of 5,000 to 12,000 is 0.10% to 0.24% of the loan. The fee is small next to the loan. The bigger cost is time: if the report arrives late, the closing date can move. That is why some buyers get a faster read on value before they order one. The loan and the timeline are invented for illustration.
How timing works
Delivery depends on the appraiser's workload, access to the property and how quickly the documents arrive. Put the delivery date in the engagement letter. A late rent roll usually moves the date by itself.
What a value opinion does, and does not replace
Titleman returns a value opinion: comparable sales, the method, the sources and a range, in a median of about 45 minutes on production runs in the 30 days to 18 October 2026. It does not replace a licensed appraisal. If a lender, a court or a tax authority requires an appraisal, you still need one. A value opinion helps you decide earlier whether the deal deserves that spend.
Read next: what an automated valuation model is and how to estimate market rent.
Common questions
How much does a commercial appraisal cost? One appraisal firm, Block Appraisals, published in February 2026 that full narrative reports run about 2,500 to 6,000 dollars for small properties, 5,000 to 12,000 for mid-market assets, and 10,000 to 25,000 or more for large or complex ones. Quotes vary by market and appraiser.
What makes a commercial appraisal cost more? Size, number of buildings, property type, income complexity, the scope of the report and how fast it is needed. Special-use assets, development sites and litigation work are priced higher than a single-tenant building.
How long does a commercial appraisal take? It depends on the appraiser's workload and the property, so no single number is reliable. Ask for a delivery date in the engagement letter, and ask what the date assumes about when you provide documents.
What does Titleman charge? This page gives no Titleman price. A Titleman value opinion takes a median of about 45 minutes on production runs in the 30 days to 18 October 2026, and it is not an appraisal. Ask for a demo to see how a run is set up.
Published by Titleman, which makes the AI engine mentioned on this page. Written by the Titleman team with AI assistance. Updated 19 October 2026.