(507) 382-4666
Brovold & Company B&C mark

Brovold & Company, LLC

MAI-DESIGNATED APPRAISAL FIRM

MAI-designated eminent domain and commercial appraisers serving southern Minnesota and the Upper Midwest

Independent, MAI-designated, Certified General appraisal services for lenders, attorneys, public agencies, and property owners who need a value opinion that holds up — in underwriting, in negotiation, and in court.
Request a Consultation
Eminent Domain Services
CREDENTIALS

MAI, Appraisal Institute

Designated Member

Minnesota

Certified General Real Property Appraiser No. 20116604

North Dakota

Certified General Real Property Appraiser CG-222189

Appraising since 1997

Firm founded 2004
TRANSMISSION & UTILITY CORRIDORS
FLOWAGE EASEMENTS & FLOOD CONTROL
HIGHWAY & ROADWAY RIGHT-OF-WAY
COMMERCIAL & INVESTMENT PROPERTY
TWO PRACTICE AREAS, ONE STANDARD

What we appraise

Eminent Domain & Right-of-Way

Before-and-after valuations for partial takings, permanent and temporary easements, flowage and drainage easements, and total acquisitions. Agricultural land, rural residential, and commercial properties affected by highway, flood-control, utility, and pipeline projects.
• Just compensation appraisals for landowners and condemning authorities• Severance damage and cost-to-cure analysis• Appraisal review and rebuttal of opposing reports• Expert testimony at commissioners’ hearings and trial
Eminent domain services

Commercial Appraisals for Lenders

USPAP- and FIRREA-compliant narrative reports for community banks, credit unions, and agricultural lenders on income-producing, owner-occupied, and special-use property throughout the region.
• Multifamily, retail, office, industrial, and hospitality• Agricultural land and farmsteads• Vacant land, subdivision, and development analysis• As-is, as-complete, and as-stabilized values
Commercial appraisals

Appraisal Review

Standards 3 and 4 technical reviews of third-party reports for lenders, agencies, and counsel.

Litigation Support

Consulting, deposition, and courtroom testimony grounded in defensible market evidence.

Consulting & Market Studies

Feasibility, highest-and-best-use, and market rent studies for owners, developers, and public agencies.

MAI

APPRAISAL INSTITUTE DESIGNATION

2

STATE CERTIFICATIONS (MN & ND)

5

STATES WITH COMPLETED ASSIGNMENTS

1997

APPRAISING SINCE
PRINCIPAL

Trevor L. Brovold, MAI

Trevor has appraised commercial, agricultural, and special-purpose property since 1997, first with Robinson Appraisal Company and then CB Richard Ellis in Minneapolis, and since 2004 as principal of Brovold & Company. His practice today centers on eminent domain work — including partial takings and flowage easements for major flood-control and highway projects — alongside commercial lending assignments and technical reviews.
Every assignment is handled personally, from inspection through report delivery and, when required, testimony.
Qualifications & background
HOW AN ENGAGEMENT WORKS

A clear process from the first call to the final report

01 Scope & engagement

We define the property rights, intended use, effective date, and report type, then confirm the fee in a written engagement letter.

02 Inspection & research

On-site inspection, owner interview, and verification of sales, leases, and project plans with primary sources.

03 Analysis

Highest and best use, the applicable approaches to value, and — for takings — a before-and-after analysis supported by market evidence.

04 Report & support

A narrative report written to be read by underwriters, attorneys, and commissioners, with review, rebuttal, and testimony available as needed.
WHERE WE WORK

Minnesota and the Upper Midwest

Brovold & Company serves all of Minnesota and holds Certified General licensure in Minnesota and North Dakota, with assignments completed in Minnesota, North Dakota, South Dakota, Wisconsin, and Iowa. Rural and agricultural markets are a particular strength — the areas where thin sales data demand the most judgment.
Frequent assignment areas include southern Minnesota (Blue Earth, Nicollet, Le Sueur, Faribault, Martin, Watonwan, Brown, Waseca, Rice, and Steele counties), the Minneapolis–St. Paul metro, Rochester, St. Cloud, the Minnesota River and Red River valleys, and the Fargo–Moorhead region.
WHO WE SERVE

Clients

• Community and regional banks, credit unions, and agricultural lenders• Eminent domain and real estate attorneys• Landowners facing a taking or easement acquisition• State, county, and municipal agencies and their right-of-way consultants• Flood-control, utility, and pipeline project sponsors• National lenders, investors, and servicers
References and a representative client list are available on request.

Discuss your assignment

Tell us about the property and the intended use of the appraisal, and we will respond with a proposed scope and fee.
Request a Consultation
Call (507) 382-4666

Brovold & Company, LLC

Commercial real estate appraisal and analysis. MAI-designated, Certified General appraisal services for lenders, attorneys, public agencies, and landowners across Minnesota and the Upper Midwest.
Contact
PO Box 713, Mankato, MN 56002
© 2026 Brovold & Company, LLC. Trevor L. Brovold, MAI — Certified General Real Property Appraiser, Minnesota License No. 20116604 and North Dakota License CG-222189.