Proven methodology.
Modern tools.
Credible results.



We are FedVal

FedVal is a Providence-based commercial real estate appraisal firm serving Rhode Island, Massachusetts, and greater New England.


Our team of Certified General Real Estate Appraisers provides USPAP-compliant valuations, date of death appraisals, market studies, review appraisals, and litigation support for attorneys, CPAs, lenders, property owners, and governmental agencies. Assignments range from single-asset engagements to complex mixed use, hospitality, municipal, and development projects.

Our proprietary tools enhance appraisal report quality and analysis, streamline quality control, and deliver more accurate, credible, and defensible valuation reports.

Property types

  • Apartment: Affordable (Section 8, LIHTC, 40B), Market Rate, Conversion
  • Office: Professional / Service, Medical, Veterinary
  • Retail: Restaurant, Big Box, Free Standing, Neighborhood / Community / Regional Plaza, Branch Bank, Auto Dealership, Gas Station, Auto Service
  • Industrial: Warehouse / Distribution, Manufacturing, Cannabis Cultivation, Self-Storage, Flex / Showroom

Why choose us?

Choosing FedVal means partnering with a firm that combines deep industry knowledge with innovative technology and a fresh perspective.

FedVal is dedicated exclusively to providing commercial property appraisal services, without the interference of brokerage or residential appraisal work.

Our diverse professional experiences enable us to provide bespoke, expert analyses for a wide variety of property types.

We lead the appraisal profession by developing and implementing proprietary tools that elevate our processes and analyses beyond what was once possible. FedVal's internal quality assurance process and proprietary technology guarantee that every report adheres to the standards of the client and all applicable regulatory agencies.

We make the process as pleasant and professional as possible for all parties involved.

Services by Client

We work with all types of clients, including:

Property Owners / Managers / Investors

  • Appraisals (Retrospective, Current, Prospective)
  • Date-of-Death / Estate / Gift Appraisals
  • Market Rent Studies, Rent Reset, Arbitration Support
  • Going Concern Appraisals
  • After Repairs Value / As-Complete Opinions of Value
  • Insurable Value (Replacement Cost) Opinions of Value
  • FEMA Substantial Improvement (50% Rule) Appraisals
  • Property Tax Appeals
  • Portfolio / Asset Management Valuations
  • Partial Interest Valuations (Leasehold, Leased fee, Undivided / Fractional Interests)
  • Eminent Domain / Right of Way / Easement Valuations (Before and After, Damages)
  • Highest and Best Use, Market, Marketability, and Absorption Analyses

Lenders

  • As-Is, As-Complete, As-Stabilized Appraisals
  • SBA 7(a) / 504-Compliant Appraisals
  • Appraisal Review
  • Inspectional Services

Attorneys

  • Appraisals (Retrospective, Current, Prospective)
  • Date-of-Death / Estate / Gift Appraisals
  • Forensic Appraisals
  • Litigation Support and Expert Witness Testimony
  • Eminent Domain / Right of Way / Easement Valuations (Before and After, Damages)
  • Shareholder / Partner Dispute Valuations (Real Estate Interests and Going Concern)
  • Receivership Support
  • Market Rent Studies, Rent Reset, Arbitration Support, Lease Disputes

Municipal / State / Federal Governments

  • Appraisals (Retrospective, Current, Prospective)
  • Date-of-Death / Estate / Gift Appraisals
  • Eminent Domain / Right of Way / Easement Valuations (Before and After, Damages)
  • Property Tax Appeals
  • Portfolio / Asset Management Valuations
  • Partial Interest Valuations (Leasehold, Leased fee, Undivided / Fractional Interests)
  • Highest and Best Use, Market, Marketability, and Absorption Analyses

Accountants / Financial Advisors / Trustees / Executors / Family Offices

  • Appraisals (Retrospective, Current, Prospective)
  • Date-of-Death / Estate / Gift Appraisals
  • Forensic Appraisals
  • Divorce Settlement
  • ESOP Going Concern Appraisals
  • Purchase Price Allocation

Developers

  • As-Is, As-Complete, As-Stabilized Appraisals
  • Feasibility / Absorption Studies
  • Market / Marketability / Highest and Best Use Studies
  • Subdivision Appraisals
  • Ground Lease / Leasehold and TDR / Air Rights Analyses

Affordable Housing Owners / Managers / Developers

  • LIHTC Market Studies and Appraisals
  • HUD-Compliant Section 8 Rent Comparability Studies

Hospitality Owners / Management Companies / Developers

  • Appraisals / Going Concern Appraisals (Lodging and Restaurant Properties)
  • Hotel Feasibility Studies
  • Pipeline and Competitive Set Analysis
  • FF&E Allocations
  • Management / Operations Consulting

Meet the Founder

Founder portrait
Mark Hugo

Founder

Mark Hugo is a Certified General Real Estate Appraiser, licensed in Rhode Island, Massachusetts, and New Hampshire.

Mark grew up in Framingham, MA, and holds a B.S. in Hospitality and Tourism Management from the Isenberg School of Management at the University of Massachusetts Amherst. Mark is passionate about learning about the world, first-hand, through international travel, SCUBA diving, and searching for the best food around the world.

He is a practicing Affiliate Member of the Appraisal Institute.

Interested in working together?

info@fedval.com

+1 401-422-4222

383 West Fountain Street, Suite 112, Providence, RI 02903

Frequently asked questions

How does the appraisal process work?

The appraisal process at FedVal follows these general steps:

  • Initial Contact: Prospective clients email FedVal (info@fedval.com) to discuss their property and appraisal needs.
  • Understanding and Proposal: After understanding the property details and client requirements, Mark provides a free estimate and a proposed delivery date for the report. He then sends an engagement letter to the client.
  • Engagement Letter: The client signs the engagement letter. Sometimes, a deposit is required to begin the work.
  • Assignment: Mark may complete the assignment himself or assign it to another FedVal appraiser under his direct supervision. The assigned appraiser contacts the client or property contact to schedule an inspection and request any additional documents if needed.
  • Inspection and Report Preparation: The appraiser inspects the property and begins working on the report. They may follow up with the client or property contact for further information.
  • Collaboration and Review: The appraiser collaborates with colleagues to ensure the correct appraisal methodology is used and the report is accurate. The draft report undergoes a thorough review process, including a human review and AI tools to confirm compliance and accuracy.
  • Final Report: After all edits are made, the final report is delivered to the client in the requested format.

What happens during the inspection?

The inspection process varies depending on the appraiser and the property. Here is a general overview of what to expect:

  • Initial Discussion: The appraiser and property contact will discuss various aspects of the property, such as pending sale data, building condition, ongoing construction, and the age of the building systems. It is helpful if someone familiar with the property is present for this discussion.
  • Property Tour: The appraiser and property contact will tour the property. The scope of the tour depends on the property's size and type. During the tour, the appraiser will take numerous photos and may use tools like laser measurers or LIDAR scanners.
  • Exterior and Site Assessment: After the interior tour, the appraiser will take exterior photos and assess the site. They may also take aerial photos using a drone.

The entire inspection usually lasts between 45 minutes to one hour, but this can vary depending on the property's size, complexity, and the depth of the discussion.

How can I receive a copy of my appraisal?

If you are the client we can email, mail, or ship the appraisal report to you.

Please note that a loan applicant/borrower typically is not listed as an intended user. A loan applicant can typically receive a copy of the appraisal from their banker.

Does FedVal work with clients outside of Rhode Island and Massachusetts?

Absolutely! We have extensive experience appraising properties not only in Rhode Island and Massachusetts but also in New Hampshire, Connecticut, and Maine.

With a robust network of appraisers and real estate professionals in numerous countries, we're well-equipped to handle special assignments for clients both domestically and internationally.
Feel free to reach out to discuss your specific needs.

Do you offer other services in addition to appraisals?

Yes, we do! Our consulting services are tailored to meet the unique needs of each client, drawing on our extensive experience across various industries.
While we specialize in the hospitality sector, we are open to discussing consulting opportunities for a wide range of businesses.

We also offer other services, including aerial photography, interior/exterior property inspections, and market research services.
If we determine that we're not the best fit for your specific needs, we're more than happy to connect you with trusted colleagues who can assist you.