USPAP Compliant Valuations

Appraisal Services

Expert Industrial
Equipment Appraisals

Heath Industrial's senior certified appraisers have decades of hands-on experience — not just appraising industrial equipment, but actively buying and selling it every day. This real-world market knowledge gives our appraisals an accuracy and credibility that purely desk-based appraisers cannot match.

All appraisals are USPAP compliant and performed by appraisers who maintain current USPAP continuing education. We serve banks, financial institutions, estates, partnerships, and business owners throughout the Midwest and nationwide.

USPAP Compliant Appraisers • AMEA Certified Members • EANA Member • Midwest & Nationwide

Request an Appraisal Call (847) 380-9819
Professional Memberships
Certified AMEA Members
Certified AMEA Members
Equipment Appraisers of North America Member
Equipment Appraisers of North America
Valuation Standards

Types of Appraisals We Provide

We offer all standard valuation methodologies used by lenders, courts, accountants, and buyers — tailored to your specific purpose and need.

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Forced Liquidation Value (FLV)

The expected price in a time-constrained, as-is, where-is sale. Used by lenders for loan-to-value calculations, bankruptcy trustees, and anyone needing a conservative floor value.

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Orderly Liquidation Value (OLV)

The expected price when assets are sold through a properly organized auction or sale with adequate marketing time. The most commonly requested standard for lenders and asset-based lending.

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Fair Market Value (FMV)

The price a willing buyer and willing seller would agree on with no duress and full market exposure. Used for estate planning, partnership buyouts, tax filings, and financial reporting.

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Insurance / Replacement Value

The cost to replace an asset with a comparable item on the open market. Essential for property insurance schedules and risk management programs.

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In-Place / Installed Value

The value of equipment in its installed, operational condition — accounting for installation costs, utility connections, and integration. Used in real estate lending and facility sales.

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Desktop & Update Appraisals

Cost-effective updates to existing appraisals for annual review cycles, or desktop analyses for preliminary planning and due diligence without a full on-site visit.

Our Clients

Who Requests Our Appraisals

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Banks & Lenders

Collateral valuations for secured lending, loan reviews, and impairment testing. We understand the standards your credit department requires and deliver appraisals that hold up to scrutiny.

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Bankruptcy Trustees

Court-acceptable appraisals for Chapter 7 and Chapter 11 proceedings. We are experienced with the documentation and format required for bankruptcy filings.

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Estate Attorneys & CPAs

Fair market value appraisals for estate tax filings, probate proceedings, and equitable distribution among heirs. USPAP compliant and defensible.

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Business Owners

Selling your business? Buying out a partner? Refinancing equipment? We give you an objective, third-party valuation that protects your interests.

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Insurance Companies

Replacement cost appraisals for property schedules and claims support. Current market knowledge ensures your coverage accurately reflects asset values.

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SBA & Equipment Lenders

SBA-compliant appraisals for equipment financing and 7(a) and 504 loan programs. We understand SBA guidelines and deliver compliant reports efficiently.

How It Works

The Appraisal Process

1

Initial Consultation

We discuss your purpose, timeline, and asset types — and confirm which appraisal standard applies to your situation.

2

On-Site Inspection

Our appraiser visits your location, photographs all assets, records make/model/serial numbers, and assesses condition.

3

Market Research

We analyze current market data, recent auction results, dealer pricing, and comparable sales to establish supportable value conclusions.

4

Report Delivery

You receive a professionally formatted, USPAP-compliant written report — typically within 5–10 business days of the inspection.

Common Questions

Appraisal FAQ

The fee depends on the number and type of assets, their location, the value standard required and how the report will be used. Tell us about your equipment and purpose and we will confirm the right appraisal standard and give you a fee quote before we schedule the inspection.
After an initial consultation, our appraiser inspects the equipment on site. You receive a USPAP-compliant written report typically within 5 to 10 business days of the inspection.
Forced liquidation value (FLV) is the expected price in a time-constrained, as-is, where-is sale, and is the most conservative. Orderly liquidation value (OLV) is the expected price when assets are sold through a properly organized auction or sale with adequate marketing time. Fair market value (FMV) is the price a willing buyer and willing seller would agree on with no duress and full market exposure.
Lenders most often ask for orderly liquidation value (OLV), and many also want forced liquidation value (FLV) as a conservative floor. SBA loans have their own requirements. We confirm which standard applies at the initial consultation, and it is worth confirming with your lender's credit department too.
Yes. Every appraisal is USPAP compliant and performed by appraisers who maintain current USPAP continuing education. Our appraisers are certified members of the Association of Machinery and Equipment Appraisers (AMEA) and members of Equipment Appraisers of North America.
A full appraisal includes an on-site inspection, where we photograph the assets, record make, model and serial numbers, and assess condition. For annual reviews or early planning, a desktop or update appraisal can be done without a full site visit.
Our appraisers buy and sell industrial equipment every day, so value conclusions are based on current auction results and real market activity rather than desk research alone.
Banks and lenders, SBA and equipment lenders, bankruptcy trustees, estate attorneys and CPAs, insurance companies, and business owners who are selling a business, buying out a partner or refinancing equipment.

Request an Appraisal

Tell us about your equipment and purpose. We'll confirm the right appraisal standard, give you a fee quote, and schedule your inspection.

Get a Quote (847) 380-9819