Orlando, Florida Property Condition Assessments
Partner Engineering and Science takes pride in their thorough Property Condition Assessments in Orlando, Florida. Adhering to the standards set by ASTM E2018 for such evaluations, their team comprises certified engineers, architects, and seasoned commercial building inspectors.
When tasked with a Property Condition Assessment, Partner meticulously evaluates the component systems of the buildings. This comprehensive review encompasses a visual inspection of the site, structures, mechanical elements (HVAC, conveying systems, plumbing), electrical systems, structural integrity, exterior facades, roofs, interior finishes, and overall site amenities. Their scrutiny extends to assessing site improvements for current condition, code compliance, life cycle costs, suitability for intended use, and identification of defects. The technical evaluations are based on the appearance of these enhancements at the time of assessment.
To ensure a comprehensive assessment, Partner also delves into on-site maintenance records, building drawings, and proposed future capital improvements. They meticulously examine building department records at the City and conduct interviews with on-site engineering and management staff. The provision of all pertinent information by the Client aids Partner in conducting a thorough analysis and providing accurate recommendations.
Their detailed reports span between 15- to 30-pages and encompass an array of crucial details. Among these are outlined “Immediate Repairs Table,” including life safety concerns, failing building systems, and deferred maintenance requiring expenditures exceeding $2,000 for repair or replacement. Additionally, Partner furnishes a “Replacement Capital Reserve Table” estimating major capital outlays anticipated over the subsequent 12 years. The reports also feature comprehensive discussions on the condition of each building system and the necessary improvements recommended.
State & Local Resources
Additional state and local information about PCAs can be obtained from the following resources:
What Makes Orlando, Florida PCAs Different
Orlando, Florida is a unique location for Commercial Real Estate (CRE) Property Condition Assessments (PCAs) due to several factors. Here are some aspects that make PCAs in Orlando distinctive:
- Climate Considerations:Â Orlando’s subtropical climate brings specific challenges to properties. The high humidity, frequent rainfall, and the potential for hurricanes or tropical storms can impact the condition of buildings differently than in other regions. Assessors need to pay special attention to potential water damage, mold, and the overall resilience of structures against extreme weather events.
- Tourism Impact:Â Orlando is a major tourist destination, hosting millions of visitors each year. Properties in this area, especially those in the hospitality and entertainment sectors, may experience higher wear and tear due to increased foot traffic and usage. PCAs in Orlando need to consider the impact of tourism on the physical condition of commercial properties.
- Theme Park Proximity:Â The presence of world-renowned theme parks, such as Walt Disney World and Universal Studios, makes PCAs in Orlando unique. Properties in close proximity to these attractions may have specific requirements or considerations related to the theme park industry, including infrastructure demands, safety standards, and aesthetic expectations.
- Environmental Regulations:Â Florida has unique environmental considerations, including concerns related to wetlands, coastal zones, and protected wildlife areas. Property assessors in Orlando need to be well-versed in local environmental regulations to ensure that properties comply with these standards.
- Rapid Development and Urbanization:Â Orlando has experienced rapid urban development in recent years. Assessors need to account for the implications of this growth on the condition of properties, potential code compliance issues, and the impact on infrastructure. The pace of development can influence the overall assessment of a property’s longevity and future value.
- Historical and Cultural Significance:Â Some properties in Orlando may have historical or cultural significance, especially in neighborhoods like Thornton Park or College Park. Assessors need to be sensitive to the preservation of such properties and ensure that any recommendations align with local preservation guidelines.
- Transportation Infrastructure:Â Orlando is a hub for transportation with a major international airport and a network of highways. The proximity and accessibility to transportation hubs can impact the value and potential use of commercial properties. Assessors need to consider the condition of transportation infrastructure in the vicinity and its influence on the property.
- Unique Architectural Features:Â The architectural diversity in Orlando, ranging from modern structures to historical buildings, adds complexity to PCAs. Assessors need to understand the unique features of each property type and how they may affect the overall assessment, maintenance, and potential renovations.
In summary, Orlando’s distinctive climate, tourism-driven economy, proximity to theme parks, environmental regulations, rapid urban development, historical significance, transportation infrastructure, and architectural diversity collectively contribute to the uniqueness of CRE Property Condition Assessments in this vibrant Florida city.
