Real Estate Appraisal


McRoberts & Company has valued a multitude of properties including land, investment-grade real estate and special-purpose properties.  Valuation work has included eminent domain, ad valorem market value / equal and uniform, bankruptcy, air rights, subterranean rights, rent studies, long-term ground leases, market studies, feasibility studies and the evaluation of construction defects.


Notable Assignments:


State Farm’s Richardson campus

Raytheon’s Richardson campus

Frisco Square (mixed use)

The Centrum (mixed use)

The Tower – Fort Worth

Preston Center East – Retail

Closed Department Store – Major Dallas Mall

Former Blue Cross Blue Shield of Texas’ corporate headquarters

Industrial – Alliance, Pinnacle Park, Rail Head, Brookhollow, Great Southwest

George W. Bush Presidential Center – Land Value for Ground Lease

Hotel Brands – Hilton, Embassy Suites, Hampton Inn, Holiday Inn, Ramada Inn, Comfort Inn & Suites, Budget Suites

Adaptive Reuse of Historic Buildings in Dallas (Joske’s, Kirby, Davis, T P& Light, Adam Hats)

Data Centers – Dallas Infomart and DataBank Downtown Dallas

CBD Parking Garages – Dallas and Oklahoma City

Preston Center West Parking Garage

Texas Rangers Parking Lots

Dallas ISD Headquarters

A. H. Belo Properties – Dallas CBD

New Automotive Dealerships (12 properties in the Metroplex, Tyler, and Huntsville, AL)


Condemnation:  Highway right-of-way, street widening, corner clips, flood-way easements, High-Voltage power line easements, pipeline (Water, Natural Gas and Petroleum) easements and access easements.


Trespass:  Market value, before and after pipeline trespass, Denton County, and market value, before and after pipeline trespass and a compressor trespass, Fort Worth.


Bankruptcy:  Texas Rangers parking lots; Frisco Square, a partially developed mixed-use property, Frisco, TX; The Cascades Residential and Golf Course in Tyler, TX, and hotels in Dallas, East Texas and Murray, KY.


Air Rights:  Baylor Hospital / City of Dallas for a sky bridge connection over Hall Street linking Jack and Jane Hamilton Heart and Vascular Hospital and Baylor Medical Center.  Additionally, three sky bridges in Dallas’ CBD.  A public walkway through a CBD building between the Joule Hotel and Neiman Marcus, linking Main and Commerce Streets.


Subterranean Rights:  The land below Federal Street, which traverses the first floor of the 33-story Harwood Center at 1999 Bryan Street, is in downtown Dallas.  Victory Park – grade and below grade access ramp serving the subterranean area of American Airlines Center.


Parking Rights:  Third Rail Lofts (City of Dallas public parking/resident parking), 1,271-space, $33 million parking garage at Victory Park, The Tower (City of Fort Worth public parking/resident parking), Lewisville restaurant.


Rent Studies:  City of Dallas (parking garages), HUD and Dallas Housing Authority.


Dallas Ground Lease Rent Reset:  One Main Place, 1600 Elm Street (former LTV Tower), the Tower Building, Preston Center and Preston Royal.


Market Studies:  Assignment involved an extensive market study for one of the Bass Family companies for internal use in deciding whether to go forward in developing Fort Worth’s first high-rise condominium building.  The study included a demand forecast, based upon demographic information, housing product, and land use patterns in Fort Worth.  It also involved analysis of urban high-rise residential buildings in Denver, Dallas, Houston, and Austin.


Feasibility Studies:  A market study/feasibility study for Pensionenfonds Stork, a Dutch pension fund, relative to investing in a proposed condominium tower in Dallas.  The study involved examining both the townhouse and condominium market in Oak Lawn and many other factors unique to the urban housing market to assist Pensionenfonds Stork in forecasting the success of a proposed development for an equity investment.


Construction Defects:  700,000 SF shopping center in  East Texas, Las Colinas office and special-use property, Collin County Coroner & Medical Examiner building.



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