Commercial Real Estate Appraiser Salary

Commercial Real Estate Appraiser Salary

How much does a Commercial Real Estate Appraiser make?

The average Commercial Real Estate Appraiser in the US makes $68,800. The average bonus for a Commercial Real Estate Appraiser is $9,500 which represents 14% of their salary, with 75% of people reporting that they receive a bonus each year. Commercial Real Estate Appraisers make the most in San Francisco at $89,481, averaging total compensation 30% greater than the US average.

U.S. Average

$68,800

$11,468$305,615

Base Salary
$59,300
Bonus
$9,500
Get Bonus
75%
  1. 30%San Francisco
  2. 4%Chicago
  3. 5%Denver
  4. 13%Houston
  5. 17%Portland
  6. 25%Salt Lake City
Does your company give annual bonuses?
Yes
No
$11k$26k$40k$55k$139k$226k$306k1,0002,0003,0004,0005,0006,000The average commercial-real-estate-appraiser in the US makes $68,800

Salary Ranges for Commercial Real Estate Appraisers

The salaries of Commercial Real Estate Appraisers in the US range from $11,468 to $305,615 , with a median salary of $54,969 . The middle 57% of Commercial Real Estate Appraisers makes between $54,974 and $138,290, with the top 86% making $305,615.

How much tax will you have to pay as a Commercial Real Estate Appraiser

For an individual filer in this tax bracket, you would have an estimated average federal tax in 2018 of 22%. After a federal tax rate of 22% has been taken out, Commercial Real Estate Appraisers could expect to have a take-home pay of $57,725/year, with each paycheck equaling approximately $2,405*.

* assuming bi-monthly pay period. Taxes estimated using tax rates for a single filer using 2018 federal and state tax tables. Metro-specific taxes are not considered in calculations. This data is intended to be an estimate, not prescriptive financial or tax advice.

Recent Salary Records for Commercial Real Estate Appraiser

View the most recent Salary Records anonymously contributed on Comparably.

  • Commercial Real Estate Appraiser reported making $70,000 per year in Washington

    a year ago · $70,000· Washington, DC

  • Commercial Real Estate Appraiser reported making $58,000 per year

    a year ago · $58,000

  • Commercial Real Estate Appraiser reported making $67,000 per year in Portland

    a year ago · $67,000· Portland, OR

  • Commercial Real Estate Appraiser reported making $70,500 per year in Los Angeles

    a year ago · $70,500· Los Angeles, CA

  • Commercial Real Estate Appraiser reported making $65,000 per year in Dallas

    a year ago · $65,000· Dallas, TX

  • Commercial Real Estate Appraiser reported making $60,000 per year in Dallas

    a year ago · $60,000· Dallas, TX

  • Caucasian Male Commercial Real Estate Appraiser reported making $114,500 per year in Horace at a company with 201-500 Employees in Banking and Financial Services industry.

    2 years ago · $114,500· 201-500 Employees· Horace, ND

  • Caucasian Male Commercial Real Estate Appraiser reported making $126,000 per year in Raleigh at a company with 1-10 Employees in Real Estate industry.

    2 years ago · $126,000· 1-10 Employees· Raleigh, NC

  • Caucasian Male Commercial Real Estate Appraiser reported making $100,000 per year at a company with 1-10 Employees in Real Estate industry.

    2 years ago · $100,000· 1-10 Employees

    Commercial Real Estate Appraiser Salary





    National Average

    $41,000$64,242 /year$96,000

    $31 /hour
    Commercial Real Estate Appraiser Salary Comparison by Location
    Nationwide
    United States
    $64,242
    Lagos, NG
    $64,242

    How much does a Commercial Real Estate Appraiser make?

    As of Mar 21, 2022, the average annual pay for a Commercial Real Estate Appraiser in the United States is $64,242 a year.

    Just in case you need a simple salary calculator, that works out to be approximately $30.89 an hour. This is the equivalent of $1,235/week or $5,354/month.

     

    While ZipRecruiter is seeing annual salaries as high as $96,000 and as low as $41,000, the majority of Commercial Real Estate Appraiser salaries currently range between $50,000 (25th percentile) to $90,000 (75th percentile) with top earners (90th percentile) making $93,000 annually across the United States. The average pay range for a Commercial Real Estate Appraiser varies greatly (by as much as $40,000), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.

    Based on recent job posting activity on ZipRecruiter, the Commercial Real Estate Appraiser job market in both Lagos, NG and throughout the entire state of is not very active as few companies are currently hiring. A Commercial Real Estate Appraiser in your area makes on average $64,242 per year, or the same as the national average annual salary of $64,242. ranks number 1 out of 50 states nationwide for Commercial Real Estate Appraiser salaries.

    To estimate the most accurate annual salary range for Commercial Real Estate Appraiser jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America.

    Find your next high paying job as a Commercial Real Estate Appraiser on ZipRecruiter today.

    What are Top 10 Highest Paying Cities for Commercial Real Estate Appraiser Jobs

    We’ve identified 10 cities where the typical salary for a Commercial Real Estate Appraiser job is above the national average. Topping the list is San Mateo, CA, with Juneau, AK and Boston, MA close behind in the second and third positions. Boston, MA beats the national average by $9,600 (14.9%), and San Mateo, CA furthers that trend with another $11,354 (17.7%) above the $64,242 average.

    Significantly, San Mateo, CA has a very active Commercial Real Estate Appraiser job market as there are several companies currently hiring for this type of role.

    With these 10 cities having average salaries higher than the national average, the opportunities for economic advancement by changing locations as a Commercial Real Estate Appraiser appears to be exceedingly fruitful.

    Finally, another factor to consider is the average salary for these top ten cities varies very little at 5% between San Mateo, CA and Queens, NY, reinforcing the limited potential for much wage advancement. The possibility of a lower cost of living may be the best factor to use when considering location and salary for a Commercial Real Estate Appraiser role.

    City Annual Salary Monthly Pay Weekly Pay Hourly Wage
    San Mateo, CA $75,596 $6,300 $1,454 $36.34
    Juneau, AK $73,952 $6,163 $1,422 $35.55
    Boston, MA $73,842 $6,154 $1,420 $35.50
    Santa Monica, CA $72,927 $6,077 $1,402 $35.06
    Quincy, MA $72,864 $6,072 $1,401 $35.03
    Berkeley, CA $72,776 $6,065 $1,400 $34.99
    Renton, WA $72,644 $6,054 $1,397 $34.93
    Daly City, CA $72,571 $6,048 $1,396 $34.89
    Minneapolis, MN $71,816 $5,985 $1,381 $34.53
    Queens, NY $71,694 $5,975 $1,379 $34.47

    What are Top 5 Best Paying Related Commercial Real Estate Appraiser Jobs in the U.S.

    We found at least five jobs related to the Commercial Real Estate Appraiser job category that pay more per year than a typical Commercial Real Estate Appraiser salary. Top examples of these roles include: Real Estate Partner, Vice President Commercial Real Estate, and Estate Manager.

    Importantly, all of these jobs are paid between $42,571 (66.3%) and $85,778 (133.5%) more than the average Commercial Real Estate Appraiser salary of $64,242. If you’re qualified, getting hired for one of these related Commercial Real Estate Appraiser jobs may help you make more money than that of the average Commercial Real Estate Appraiser position.

     

    Job Title Annual Salary Monthly Pay Weekly Pay Hourly Wage
    Real Estate Partner $150,020 $12,502 $2,885 $72.12
    Vice President Commercial Real Estate $130,767 $10,897 $2,515 $62.87
    Estate Manager $126,143 $10,512 $2,426 $60.65
    Real Estate Investor $123,937 $10,328 $2,383 $59.59
    Real Estates $106,813 $8,901 $2,054 $51.35

    Is Commercial Real Estate Appraisal a Good Career? [+ Salary Info and License Requirement]

    Many real estate appraiser that I met focus on appraising for residential properties. Some are not satisfied with the appraisal fees that are receiving. After all, residential appraisers made up of nearly 60% of the appraisal workforce. The rule of thumb is when too many businesses are chasing after the same clientele, it would inevitably lead to a price war. Therefore, some appraisers are upgrading their skill set and explore commercial properties appraising.

    Is commercial real estate appraisal a good career? Yes, commercial real estate appraising is a good career. The payout is lucrative, and it’s a respectable profession.

    However, whether this is a suitable career path for you would depend on numerous factors. Do you like handling a massive amount of researching work? What is your income expectation? What type of work environment do you enjoy?

    In this article, I’ll go through the type of work involved as a commercial real estate appraiser, the income potential, and the training you need to have to become one. This way, you could make a judgment whether it worth your time and investment to become a commercial real estate appraiser.

    (By the way, CRE stands for Commercial Real Estate. I’ll use it interchangeably throughout the article.)

    real estate appraisers primary job function

    What is a Commercial Real Estate Appraiser?

    Your role as a commercial real estate appraiser is to find out the appraisal value of properties through extensive research and careful anaylsis. Your appraisal report could be used by investors, financial institutions, asset managers, or by the government for tax assessment purposes.

    What type of property can a commercial real estate appraiser evaluate?

    Commercial Real Estate Appraisal

    The range of property types is wide. You could be appraising for small office unit, golf court, retail store, farmland, industrial plant, hotel, or even the entire plaza.

    Most CRE appraisers are holding the Certified General Appraiser license, which allows them to work on all kinds of properties. Unlike a residential appraiser license, the Certified General has no limitation on the real estate value and complexity.

    What exactly does a commercial real estate appraiser do?

    real estate professionals with clients

    I talked to a CRE appraiser. For every assignment, he would speak to many different parties to gather details about the property. (i.e., owner, tenants, property manager, asset manager, comparable property owners.)

    Then he would conduct extensive research on the subject property – for instance, the district, zoning, taxes, revenue streams, county governance, maps. Most of his commercial appraisal report would end up with over 120 pages of detailed information and analysis.

    Although developing a commercial appraisal involves lots of hard work, he said these are fantastic opportunities to learn about the real estate in depth. Every time that he completed an assignment, he is confident that no one would know better than him about all the subject property.

    He emphasizes this is learning the fundamental of the real estate. There is actual relevant data to support the appraisal value. Unlike real estate securities, where their short-term values could be driven by market sentiment.

    What type of jobs is available for commercial real estate appraisers?

    Real estate career

    As a commercial real estate appraiser, you could be working for an entity such as appraisal firm, institutional investors, asset management firm, or government agency.

    Due to the amount of complexity and workload involves in each assignment, most appraisers will work in a team. Therefore, CRE appraisers tend to work at an organization with decent size and rarely a one-person shop. One appraiser that I talked to is working at a national boutique firm with 5 offices and over 100 employees.

    A real-life example of a CRE appraiser job

    There is a job posting from an appraisal firm in Chicago. This is a privately owned company by practicing appraisers, with offices across nine major cities in the U.S. They have over 70 years experience in providing appraisal services to nation’s leading financial institutions such as private and public pension funds, Wall Street investment banks.

    Currently, they are looking for a Commercial Real Estate Appraiser. The candidate will be responsible for appraising institutional grade commercial properties. In addition to writing real estate appraisals, your job could involve other specialty valuation services – for instance, expert court testimony, investment consulting and conducting highest and best use/feasibility studies.

    How Much Money Does a Commercial Real Estate Appraiser Make?

    According to Salary.com (June 27, 2019), the average salary of a Commercial Real Estate Appraiser is $99,925, while they generally fall between the range $85,945 and $114,627.

    I’ve heard from an appraiser shared that a reasonably competent CRE appraiser in their office is generally making their six figures of annual income. The best is they have a pretty good work-life balance. In some extreme instance, I have heard some top-notch appraisers are earning over $700,000 per year. $75,000 per year.

    Your income depends on numerous factors such as your experience, the type of assignment that you specialize in working, the scale of the company that you work for.

    [Here’s a complete guide about real estate appraiser earning. In there, you could find the average income of commercial real estate appraiser in every state.]

    In addition to the lucrative salary, many CRE firms also offer health benefits, dental coverage, 401k matching, E&O insurance to their appraisers. Some would even cover the appraiser license fees and the tuition of the CE courses.

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