Objective valuation expertise
Landrace Valuation is an independent commercial real estate appraisal practice serving Miami-Dade, Broward, and Palm Beach counties. The firm provides valuation and analysis grounded in market evidence, clearly articulated assumptions, and full compliance with the Uniform Standards of Professional Appraisal Practice (USPAP). Our work is designed to support informed decision-making by delivering conclusions that are impartial, well-supported, and appropriate to the intended use of the assignment.
Independence, judgment, and discipline
Credible appraisal work requires independence, analytical discipline, and a clear understanding of local market dynamics. Landrace Valuation follows a structured, evidence-based process to develop opinions of value, highest and best use conclusions, and related real property analyses. Each assignment is completed with careful attention to regulatory requirements, transparent communication, and documentation sufficient to support reliable and defensible conclusions.
Valuation expertise across core commercial property types
Landrace Valuation is led by an MAI-designated appraiser with extensive experience across South Florida’s commercial real estate markets. Our work includes valuation and analysis of a broad range of commercial property interests, with significant experience in retail properties, industrial and warehouse facilities, office buildings, and commercial land. Assignments are developed independently and in full compliance with USPAP, with conclusions that are well-supported, objective, and clearly communicated
Retail Experience
Extensive background valuing retail property interests throughout South Florida. Analyses emphasize market-supported conclusions consistent with USPAP and reflective of relevant economic conditions.
Industrial Insight
Experience includes industrial, warehouse, and flex properties across a range of submarkets. Assignments focus on impartial evaluation of market data and property characteristics to develop defendable conclusions.
Land Analysis
Significant experience appraising commercial land, including redevelopment-oriented parcels and infill sites. Highest and best use considerations are developed through a disciplined, independent analytical process.
Office Valuation
Familiarity with a variety of office property types and tenancy structures. Valuation results are supported through careful analysis of occupancy trends, market rent behavior, and competitive positioning.
Where we operate
Landrace Valuation provides commercial appraisal services across the tri-county region, including Miami-Dade, Broward, and Palm Beach counties. Our familiarity with local market conditions, regulatory environments, and regional economic trends supports the development of defendable real estate analyses for clients throughout South Florida.
Miami-Dade county
Appraisals for commercial, multifamily, retail, office, and industrial properties throughout Miami-Dade's diverse market.
Broward county
Valuation services for commercial real estate across Broward's established and emerging commercial corridors.
Palm Beach county
Independent appraisals for commercial properties in Palm Beach's affluent and established markets.
Jon C. Legault, MAI, MBA
Jon C. Legault is the Principal and Chief Appraiser at Landrace Valuation, a Miami-based commercial real estate appraisal practice. He provides independent, objective valuation services for lenders, investors, attorneys, and institutional stakeholders navigating Miami's rapidly evolving market.
With a strong foundation in both appraisal and commercial brokerage, Jon brings extensive experience modeling complex income properties, including retail, self-storage, office, mixed-use, and land assets. Prior to founding Landrace Valuation, he served in senior valuation and advisory roles, ensuring rigorous compliance with USPAP and professional reporting standards. His analytical approach is highly disciplined, prioritizing market evidence and reporting clarity to support critical underwriting and litigation decisions.
Jon holds an MBA from the Gonzaga University Graduate School of Business and a BS in Managerial Economics from UC Davis. Outside of his professional practice, Jon is dedicated to giving back through local volunteering. A former collegiate athlete on the UC Davis Men's Crew team, he maintains a strong commitment to exercise and rowing, and enjoys unwinding by playing the guitar.
Credentials and verification
- Florida State-Certified General Real Estate Appraiser, License #RZ4709. Verify at the Florida DBPR license portal (search by license number RZ4709).
- MAI designation, Appraisal Institute. Confirm membership through the Appraisal Institute's Find an Appraiser directory.
- MBA, Gonzaga University; BS in Managerial Economics, UC Davis.
FAQ
What types of assignments do you complete?
Most of our work falls into three areas: appraisals for lending and credit decisions, valuations for litigation and dispute support (including expert witness work), and valuations for tax, estate, and advisory purposes. Property types include multifamily, industrial and self-storage, office and medical office, retail, and commercial land. Retrospective and prospective valuation dates, and as-is or as-stabilized scenarios, are available across these assignment types. See the services page for details.
What information is needed to begin an appraisal?
To provide a quote, we need the property address, the property type, the reason you need the appraisal (financing, litigation, tax or estate, or an internal decision), and your timeline. Once engaged, most assignments also use rent rolls or leases, recent operating statements, site plans or surveys if available, and access for an inspection. If you are missing some of these, start the conversation anyway — we will tell you exactly what is needed for your situation.
How long does a typical appraisal take?
Turnaround depends on the property type, the complexity of the assignment, and how quickly documents are available. Every written quote includes a specific delivery date, agreed before the engagement begins, and we flag any timing risks up front rather than after the fact.
What does the MAI designation represent?
The MAI designation is awarded by the Appraisal Institute to professionals who have completed advanced education, demonstrated valuation competency, and adhered to strict ethical and performance standards. It signifies advanced competence in commercial real estate appraisal.