The gas station / convenience store industry has transformed considerably over the past few decades reflective of the changing preferences by consumers and major oil companies toward larger, more modern facilities that offer convenience goods and services. The valuation of these properties present a number of special considerations, including the location, access, traffic patterns, branding / unbranding, physical site features and improvements, fuel volumes, number and type of fuel dispensers, as well as the total amount and diversification of the income streams associated with the business. Our specialists understand the trends and factors that drive this industry, and we are knowledgeable of the applicable environmental regulations.
We have appraised thousands of gas stations / convenience stores for individuals, as well as the largest oil companies and retail operators in the nation. Our clients also include financial institutions, attorneys, municipalities, and government agencies. With nationwide IRR offices, we can easily complete single valuations and large, national portfolio assignments. We specialize not only in the value of the underlying real estate, but also the value of the going concern. Our highly trained professionals have attained the most prestigious commercial appraisal designations, such as MAI, FRICS, and ASA; they are well respected, published experts and leaders in this dynamic industry.
Our expertise also extend to the valuation of truck stops, travel centers, full- and self-service car washes, and related uses such as auto / truck repair facilities.