Business Details
22 Years
experience
Trusted Real Estate Appraisal Services in Florida
Since 2004, Applied Economics Group has established itself as a leading full-service appraisal firm dedicated to delivering precise and reliable real estate valuations across Florida. Our team combines advanced technological tools with deep industry expertise to provide clients with accurate data-driven insights tailored to their specific needs. With a commitment to efficiency, we maintain the fastest turnaround times in the industry, completing most residential appraisals within 48 hours and commercial appraisals in one week. Our senior appraiser, Michael P. Bobbitt, brings graduate-level education and extensive litigation experience to every project, ensuring compliance with the highest professional standards. We specialize in commercial, residential, and personal property appraisals, including complex cases involving eminent domain, estate planning, and legal proceedings.Our statewide coverage for commercial appraisals and 13-county focus in North Florida for residential services ensures broad accessibility without compromising quality. We prioritize client collaboration, offering competitive pricing and flexible payment options to meet diverse appraisal requirements. Our reputation for thorough, high-quality work has been built through years of consistent performance and adherence to USPAP guidelines. Clients trust us to navigate challenging valuation scenarios with transparency and expertise, making us a preferred partner for lenders, legal professionals, and property owners. Whether addressing routine assessments or specialized litigation support, we remain committed to delivering actionable insights that empower informed decision-making.
Services
Commercial Appraisals
Residential Appraisals
Equipment Appraisals
Litigation Appraisals
Eminent Domain Appraisals
Estate Appraisals
IRS Compliance Appraisals
Expert Witness Testimony
Real Estate Valuation
Personal Property Appraisals
Details
- Year established: 2004
Highlights and features
- We offer the fastest turnaround in the industry
- Highly competitive fees with transparent pricing
- Graduate-educated senior appraiser with litigation expertise
- Statewide commercial appraisal coverage in Florida
- Extensive eminent domain valuation experience
What people say
Prompt, accurate appraisals
Meet strict underwriting requirements
Expert witness testimony experience
Reliable valuation methods
Fast turnaround times
Services
Commercial Appraisals
We provide comprehensive commercial property valuations for all property types across Florida's 67 counties. Our USPAP-compliant assessments cover office spaces, retail centers, industrial facilities, and specialized properties like marinas and conservation easements. With a one-week average turnaround, our certified appraisers deliver detailed narrative reports that meet strict underwriting requirements while incorporating the latest market data and analytical tools.
Residential Appraisals
Our residential appraisal services cover single-family homes, multi-family units, and REO properties throughout 13 North Florida counties. Using standardized forms like the 1004 and 2055, we complete most residential appraisals within 48 hours while maintaining strict compliance with industry regulations. Our reports include market condition analyses and relocation appraisals, supporting mortgage lending, estate planning, and property tax assessments with accurate, defensible valuations.
Litigation Appraisals
We specialize in litigation support with expert witness testimony and court-admissible appraisal reports. Our senior appraiser has extensive experience in eminent domain cases, estate disputes, and IRS compliance matters, having testified in Florida courts for over 15 years. Our litigation services include detailed documentation of valuation methodologies and clear presentation of findings to support legal proceedings and settlement negotiations.
Equipment Appraisals
Our certified appraisers conduct USPAP-compliant valuations for machinery, vehicles, and other personal property assets. We provide detailed reports that meet IRS guidelines and insurance requirements, covering everything from automobile dealership equipment to industrial manufacturing machinery. Our services include depreciation analysis, asset inventory documentation, and valuation for collateral purposes, ensuring accurate assessments that withstand regulatory scrutiny.
Eminent Domain Appraisals
We offer specialized appraisal services for properties affected by eminent domain proceedings. Our team has extensive experience in valuing partial interests, utility easements, and stormwater easements while protecting property owners' rights. We provide detailed market analyses and compensation assessments, supported by expert testimony when required, to ensure fair valuation in government acquisition cases across Florida's diverse property types.
People
Michael P. Bobbitt
Senior Appraiser
Michael P. Bobbitt, MBA, is a State Certified General Real Estate Appraiser (RZ #2749) with over 15 years of experience in commercial and litigation appraisals. He specializes in eminent domain cases and has provided expert testimony in Florida courts, combining graduate-level economic analysis with practical valuation expertise to deliver defensible appraisal reports.
G.M. Palmer
Project Manager
G.M. Palmer, MFA, serves as Project Manager and Senior Editor, overseeing appraisal report preparation and client communications. With expertise in technical documentation and quality control, they ensure all deliverables meet strict formatting standards while maintaining clear, actionable insights for clients across Florida's diverse real estate market.
Questions
What geographic areas do you service?
We provide commercial appraisals statewide in Florida and residential appraisals in 13 North Florida counties.
How quickly can you complete an appraisal?
Most residential appraisals are completed within 48 hours, with commercial appraisals averaging one week turnaround.
Do you handle litigation-related appraisals?
Yes, we specialize in litigation support with extensive experience in eminent domain cases and court-admissible valuations.
What payment methods do you accept?
We accept multiple payment options to accommodate client needs, including major credit cards and electronic transfers.
