Appraisals

By maintaining an active role in the international industrial and commercial marketplace, Cincinnati Industrial can provide current and accurate asset appraisals for many different categories of equipment. Cincinnati Industrial performs appraisals for leading organizations such as lending institutions, financial consultants, state and federal courts, turnaround management companies along with private individuals.

Through our past experience, we realize that each client's needs for an appraisal are different. That is why all of our appraisal staff has a solid understanding of the issues affecting the various industries, assets and markets - no matter where the location. Cincinnati Industrial has three appraisers on staff who are accredited or certified by the Association of Machinery and Equipment Appraisers (AMEA) and have passed the Uniform Standards of Appraisal Practices (USAP) course.

Have Questions? Need a quote for an appraisal?

Should you have more specific questions concerning our appraisal services, please call our office at (513) 241-9701 and ask to speak with Jerome A. Luggen, Jeffrey L. Luggen, Jeffrey M. Luggen or Joseph M. Luggen or email one of our appraisers (on right). All calls are strictly confidential.  

Need a value for a specific piece of machinery?

Give us a call (513) 241-9701 or email one of our appraisers (on right) and we will be happy to offer our informal opinion you free of charge.

 


 

The following are the AMEA standard definitions of values available to fit your situation:

Market Value (Fair Market Value)

A professional opinion of the estimated most probable price expressed in terms of currency to be realized for property in an exchange between a willing buyer and a willing seller, with equity to both, neither being under any compulsion to buy or sell, and both parties fully aware of all relevant facts as of the effective date of the appraisal report.

Market Value - In Place

A professional opinion of the estimated most probable price expressed in terms of currency to be realized for property in an exchange between a willing buyer and a willing seller, with equity to both, neither being under any compulsion to buy or sell, and both parties fully aware of all relevant facts, as installed for intended utilization, as of the effective date of the appraisal report.

Forced Liquidation Value (Auction)

A professional opinion of the estimated most probable price expressed in terms of currency which could typically be realized at a properly advertised and conducted public auction sale, held under forced sale conditions and under present day economic trends, as of the effective date of the appraisal report. Conclusions taken into consideration are physical location, difficulty of removal, physical condition, adaptability, specialization, marketability, overall appearance and psychological appeal. Further, the ability of the asset group to draw sufficient prospective buyers to insure competitive offers is considered. All assets are to be sold on a piecemeal basis 'as is' with purchasers responsible for removal of assets at their own risk and expense. Any deletions of additions to the total assets appraised could change the psychological and or monetary appeal necessary to gain the price indicated.

Orderly Liquidation Value

A professional opinion of the estimated most probable price expressed in terms of currency which the subject equipment could typically realize at a privately negotiated sale, properly advertised and professionally managed, by a seller obligated to sell over an extended period of time, usually within six to twelve months, as of the effective date of the appraisal. Further, the ability of the asset group to draw sufficient prospective buyers to insure competitive offers is considered. All assets are to be sold on a piecemeal basis 'as is' with purchasers responsible for removal of assets at their own risk and expense. Any deletions or additions to the total assets appraised could change the psychological and/or monetary appeal necessary to gain the price indicated.

New Replacement Cost Value

A professional opinion of the cost expressed in terms of currency, F.O.B. the manufacturer's plant, to purchase a new item of like quality and specifications. If such an item is unavailable, the appraiser has used his or her best judgment in estimating a value as of the effective date of the appraisal.

Desktop Opinion

A professional opinion of the appropriately defined value, expressed in terms of currency to be realized by the sale of assets, in which the opinion is generated from lists and/or other informational materials supplied to the appraiser and evaluated without the benefit of an actual on-site inspection. This opinion is not recommended for use in credit decisions. A desktop opinion should be used to determine the need for an appraisal or the scope of an appraisal. 

Appraisers on Staff

 

AMEA Certified

James R. Stern

Sr. Appraiser, Executive Sales

Email 

 

AMEA Accredited

Jerome A. Luggen

President, Sr. Appraiser

Email

 

Jeffrey L. Luggen

Vice-President, Sr. Appraiser

Email

 

Joseph M. Luggen

Auctioneer, Appraiser

Email

 

Other Appraisers

Jeffrey M. Luggen

Managing Partner, Appraiser

Email

 

Frank J. Rome

Executive Sales Manager, Appraiser

 

John F. Rome

Business Development, Appraiser

 

 

Copyright © 2017 CIA Co.

2020 Dunlap Street
Cincinnati, OH 45214

Phone: 513-241-9701
Fax: 513-241-6760

We are licensed auctioneers and longtime members of the following accredited organizations:

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