Appraising manufacturing facilities that are used as airports presents specific challenges that require specialized expertise and understanding. One major challenge lies in accurately assessing the value of these unique and complex properties, which demands a deep knowledge of the aviation industry, market trends, operational costs, current traffic volumes, and potential revenue streams.
The uniqueness of each airport property’s design and layout, including runways, terminals, hangars, control towers, and support facilities, significantly impacts the property’s value. Factors such as the airport’s size, capacity, infrastructure, location, and the range of services offered play a crucial role in the appraisal process.
Understanding the effect of local competition, emerging market trends, and changes in aviation regulations is another challenge. Appraisers must consider factors such as the demand for air travel, passenger and cargo traffic volumes, available airlines and destinations, and the airport’s ability to attract and retain airlines and tenants within a competitive market.
Accurate forecasting of market demand, airline industry trends, and the airport’s long-term viability is a complex yet essential aspect of appraising airport properties. This requires a deep understanding of the aviation industry dynamics, evolving travel patterns, local economic factors, and potential changes in government regulations or airline operations.
At PM Appraisal, our team of expert appraisers specializes in appraising manufacturing facilities that function as airports. With our in-depth knowledge and understanding of the unique challenges associated with these properties, we provide accurate valuations and equip our clients with the insights needed to make informed decisions.