(507) 382-4666
COMMERCIAL APPRAISALS FOR LENDERS

Commercial real estate appraisals lenders can underwrite

USPAP- and FIRREA-compliant narrative appraisal reports for banks, credit unions, agricultural lenders, and investors — prepared by an MAI, Certified General appraiser with institutional experience and deep knowledge of Minnesota and Upper Midwest markets.
Request a Bid
(507) 382-4666
Aerial view of a suburban commercial and industrial park
PROPERTY TYPES

What we appraise

Multifamily & residential income

Apartment communities, small multifamily, student and senior housing, and mobile home parks.

Retail & office

Shopping centers, single-tenant net leased investments, medical office, and professional office buildings.

Industrial & flex

Warehouse and distribution, manufacturing, flex, and owner-occupied industrial facilities.

Agricultural land & farmsteads

Cropland, pasture, tiled and irrigated tracts, farmsteads, and rural building sites — a particular strength of the firm.

Hospitality & special purpose

Hotels and motels, restaurants and fast-food facilities, self-storage, grain and agribusiness facilities, golf courses, churches, and other special-use property.

Land & development

Vacant land, subdivision and lot analysis, development feasibility, and highest-and-best-use studies.
FOR LENDERS

Built for the credit file

Reports are prepared to satisfy the Interagency Appraisal and Evaluation Guidelines, FIRREA, and USPAP, with the scope of work, value definitions, and market analysis a reviewer expects to see. Scope, fee, and intended users are confirmed in a written engagement letter.
• As-is, as-complete, and as-stabilized values• Market rent and lease analysis; income capitalization and DCF where appropriate• Appraisal Institute demonstration-report-level narrative reports• Commercial evaluations and restricted appraisal reports where permitted• Review of third-party reports (see Appraisal Review)
Appraisal review services
INSTITUTIONAL EXPERIENCE

Trained where the largest lenders underwrite

Before founding the firm, Trevor appraised institutional-grade office, industrial, retail, and multifamily property for national lenders and investors at CB Richard Ellis in Minneapolis. Past clients include Bank of America, Wells Fargo, U.S. Bank, GE Capital, Wachovia, Bremer Bank, Lend Lease, CRIIMI MAE, Minnesota Housing Finance Agency, and community banks throughout southern Minnesota.
PROCESS

From bid to delivered report

Bid & engagement

Send the property address, type, and intended use. We return a written fee quote and confirm the scope of work before starting.

Inspection

Interior and exterior inspection, interviews with the owner or manager, and collection of rent rolls, leases, operating history, and plans.

Market research

Verified sales, rents, and market conditions from primary sources across the Upper Midwest, including thin rural markets.

Report & review support

A clear narrative report, followed by prompt responses to reviewer questions and revisions when the file requires them.

Request a bid on your next assignment

Send the property address, type, and intended use, and we will return a written fee quote and scope of work.
Request a Bid
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.