COMMERCIAL DIVISION

 Market Area | Appraisal Report Types

The commercial division of L&Q, which is headed by Michael A. Lagreca, MAI and Paul D. Quinn, MAI provides its clients real estate valuation services for the following property types and purposes.  

Property Type:

  • Apartments
  • Industrial Facilities
  • Manufactured Housing Communities
  • Office Buildings
  • Residential Subdivisions
  • Retail Properties
  • Self-Storage Facilities

 

Purpose:

  • Ad valorem tax

  • Condemnation

  • Consulting

  • Estate tax planning

  • Financing/lending

 

Market Area

 

The market area focus of our commercial division is Southeastern Pennsylvania, Southern New Jersey and the State of Delaware.  Following is a summary of the metropolitan areas and counties that fall within this market area. 

Metropolitan Area

   Counties
Philadelphia   Bucks, Chester, Delaware, Montgomery & Philadelphia in Pennsylvania and Camden, Burlington, Gloucester & Salem in New Jersey
Allentown-Bethlehem-Easton (PA) Carbon, Lehigh & Northampton Counties
Reading (PA) Berks County
Lancaster (PA) Lancaster County
Harrisburg (PA) Cumberland, Dauphin, Lebanon & Perry Counties
Wilkes-Barre-Scranton (PA) Columbia, Lackawana, Luzerne & Wyoming Counties
York (PA) York County
Atlantic-Cape May (NJ) Atlantic and Cape May Counties
Trenton (NJ) Mercer County
Vineland-Millville-Bridgeton (NJ) Cumberland County
Wilmington-Newark (DE)   New Castle County, Delaware and Cecil County, Maryland

As a service to our clients L&Q can also perform appraisals throughout the remainder of Pennsylvania, New Jersey and Delaware. 

 

Appraisal Report Types

A self-contained report provides a detailed and comprehensive discussion of the data, reasoning and analyses that were used in the appraisal process to develop our opinion of value.  This is the most detailed of the three reporting types. 

A summary report does not contain all of the information that would normally be found in a self-contained document.  A summary report makes a concise presentation of the data and analyses at a level of detail that is less than that in a self-contained report.  Nevertheless, the information presented in a summary report is to be sufficient for the client and the intended users of the document to readily understand without being misled or confused.

A restricted use report presents no discussion of the data, reasoning, and analyses that were used in the appraisal process to develop our opinion of value.  A restricted use report is for the clients use, only.  Supporting documentation concerning the data, reasoning and analyses is retained in L&Q’s files.  This is the least detailed of the three reporting types.