Real Estate Appraisal Services

We offer real estate appraisal services and are state-certified to perform appraisals, real estate counseling, and consulting assignments for all types of real property primarily in Indiana, Kentucky, and Illinois with additional regional and national valuation services

Person Writing Real Estate Appraisal

We specialize in the more difficult aspects of property appraisals. We advise our clients on value and related real estate issues for a variety of reasons, including:

  • Real Estate Acquisition
  • Disposal
  • Leasing
  • Development
  • Trusts
  • Estates
  • Partnership and Corporate Asset Value
  • Gift Tax
  • Condemnation
  • Tax Appeals
  • Partitioning
  • Capital Gains
  • Divorce

While we hold real estate brokers’ and salespersons’ licenses, we do not offer brokerage or management services.

Our Services

The following services are provided on a fee basis:

Real Estate Appraisals:

  • Office
  • Retail
    • Featured Clients: Eastland Mall 
    • Pavilion Lifestyle Shopping Center
  • Industrial
    • Featured Project: Two-Billion-Dollar Power Plant in the Midwest 
  • Land – Development, Agricultural, and Forest 
  • Mineral Rights 
  • Lease Interest 
  • Partial Takes 
  • Right-of-Way 
  • Easement 
    • Featured Project: 500 Miles of Railroad Right-of-Way 
  • Single-Family Residential 
  • Condominium 
  • Multi-Family 

Real Estate Counseling:

  • Assessment and Tax Appeals 
  • Subdivision Analysis 
  • Expert Witness 
  • Buy/Sell/Lease Strategies 
  • Litigation Support
  • Studies Include:
    • Highest and Best-Use Studies
    • Market and Sub-Market Studies 
    • Supply and Demand 
    • Site Selection 
      • Highest and Best-Use Studies 
    • Absorption 
    • Utility Line Impact 
    • Zoning Impact 
    • CostBenefit 
    • Obsolescence 
    • Land Use 


DMA is a leading provider of valuation services for Rails-To-Trails projects across the United States. With over 40 years of experience, the company has provided litigation support, appraisals, reviews, and consulting on projects in Arizona, California, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Massachusetts, Michigan, Missouri, New Jersey, New York, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, and Washington.

David Matthews, our founder, was instrumental in developing the fundamental methodology for Rails-To-Trails valuation. He authored the “Rails To Trails Valuation” chapter of “Corridor Valuation: An Overview and New Alternatives,” which was published by The Appraisal Institute, the Appraisal Institute of Canada, and the International Right of Way Association.

Market Research

Real Market Update

David Matthews Associates provides a periodic review of local real estate market trends.