Appraising a commercial building - what will they ask for?

[Adam Craig]

I learned from a previous BP question that the 6 unit office building I am buying will likely be appraised using NOI/Average cap rate for the area.

How does the appraiser verify my NOI? Are they just going to look at tax returns on the building or do they want copies of leases/utility bills ect?

[Greg Dickerson]

To verify NOI They will use whatever financials you provide for the property. P&L, T-12, tax returns etc.