53132 - Offices of Real Estate Appraisers
Navigating the complex world of real estate requires accurate property valuations, and NAICS Code 53132 plays a critical role in this process. This code categorizes businesses specializing in real estate appraisal services—a cornerstone for buyers, sellers, lenders, and investors. Whether it's residential homes or large industrial properties, Offices of Real Estate Appraisers provide essential valuation insights that influence real estate decisions. Let’s dive into what this classification means and why it matters in the real estate and rental leasing sector.
What is NAICS Code 53132?
NAICS Code 53132 refers to Offices of Real Estate Appraisers, an industry primarily engaged in offering professional real estate appraisal services. These establishments perform valuations for various property types, including:
- Residential properties
- Commercial real estate
- Industrial properties
The assessments they provide are vital for determining market value, aiding in transactions such as sales, financing, taxation, and investment analysis.
Sector Overview: Real Estate and Rental and Leasing
This NAICS code falls under the broader Real Estate and Rental and Leasing sector. This sector includes numerous services related to real estate, but 53132 specifically covers independent appraisal services, distinct from property management or brokerage.
Typical Business Activities Under NAICS 53132 Include
- Residential Property Appraisal Services: Valuating single-family homes, condominiums, and multi-family residences.
- Commercial Property Appraisal Services: Assessing shopping centers, office buildings, hotels, and other commercial properties.
- Industrial Property Valuation Services: Providing valuations for warehouses, manufacturing plants, and distribution centers.
Size Standards for NAICS 53132 Eligibility
When participating in government contracting or applying for SBA assistance, it’s crucial to know the small business size standard associated with NAICS codes.
For NAICS Code 53132, the size standard is typically:
- Average annual receipts of $16.5 million or less
Businesses that meet this threshold qualify as small businesses for government contracting and other SBA programs.
Examples of Businesses Under NAICS Code 53132
- Independent real estate appraisal firms specializing in residential homes.
- Commercial real estate valuation companies advising banks and investors.
- Industrial property appraisal offices serving manufacturing and logistics clients.
- Consultants providing real estate market analysis and appraisal reports.
NAICS Code 53132 - Offices of Real Estate Appraisers: Code Details
| Category | Details |
|---|---|
| NAICS Code | 53132 |
| Title | Offices of Real Estate Appraisers |
| Sector | Real Estate and Rental and Leasing |
| Description | Establishments primarily engaged in providing real estate appraisal services including valuation of residential, commercial, and industrial properties. |
| Typical Activities | Residential, commercial, and industrial property appraisals |
| Size Standard | $16.5 million average annual receipts |
| Examples of Businesses | Residential appraisal firms, Commercial valuation companies, Industrial property appraisers |
Frequently Asked Questions (FAQs) About NAICS Code 53132
Q1: What types of properties do Offices of Real Estate Appraisers value?
A1: They provide valuation services for residential, commercial, and industrial properties.
Q2: Why is real estate appraisal important?
A2: Appraisals help establish property values essential for sales, financing, taxation, and investment decisions.
Q3: How can businesses under NAICS 53132 benefit from SBA programs?
A3: Eligible small businesses with annual receipts under $16.5 million can access SBA loan programs, government contracts, and business development support.
Q4: Can real estate brokers or property managers be classified under NAICS 53132?
A4: No, NAICS 53132 is specific to appraisal services. Brokers and property managers fall under different NAICS codes.
Q5: How do I find businesses classified under this NAICS code?
A5: You can search government databases like SAM.gov or commercial business listings filtered by NAICS 53132.
Conclusion
NAICS Code 53132 is essential for identifying businesses that provide trusted and professional real estate appraisal services across various property types. Whether you’re a lender needing accurate valuations, a business aiming to classify your services correctly, or a government contractor seeking small business opportunities, understanding this code equips you with valuable industry insight.
By specializing in property valuation, Offices of Real Estate Appraisers support the backbone of real estate transactions—ensuring transparency, fairness, and informed decision-making in the market.
Keywords: NAICS code 53132, offices of real estate appraisers, real estate appraisal services, residential property valuation, commercial property appraisal, industrial property valuation, small business size standard, real estate sector, government contracting, SBA size standards.
