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I recommend AppraiseItNow Inc. highly… I would use them again
They diligently researched both equipment items and provided well-documented reports
AppraiseItNow was able to provide me exactly what I needed on a timely basis
DEFENSIBLE, USPAP-COMPLIANT FITNESS EQUIPMENT APPRAISAL REPORTS — QUALIFIED FOR THE IRS, INSURANCE AGENCIES, LENDERS, AND MORE.
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Owner & CEO
Joe founded AppraiseItNow to make a certified, USPAP-compliant appraisal as simple to order as anything else online. A former Bain & Company strategy consultant, Joe leads the entire team and specializes in strategy, growth, and the firm's tech capabilities.
Machinery & Equipment Appraiser
Third-generation auctioneer and CAGA Certified Appraiser with more than 20 years valuing machinery, equipment, vehicles, business assets, and estates for banks, attorneys, and trustees across the Carolinas.
Vehicle Appraiser
CAGA Certified Appraiser since 2014, covering vehicles, boats, equipment, fine art, and collectibles. A classic-car restoration background informs her vehicle work, with reports prepared for insurance, divorce, and charitable contributions.
Client Success Manager
Manages each engagement from the first enquiry to the delivered report, and keeps you posted at every step along the way.
Certified Appraisers Guild of AmericaCertified Appraiser
The Appraisal FoundationAuthorized by Congress as the source of appraisal standardsAppraiseItNow provides certified fitness equipment appraisals for insurance coverage and claims, charitable donation filings, estate and divorce proceedings, asset-based lending, and business liquidation, as part of our broader equipment and machinery appraisal services.
Where it lives
Fitness equipment turns up in very different settings, and our appraisers deliver accurate, well-documented valuations for the IRS, insurers, and courts wherever it is:
Remote and onsite
Most fitness equipment appraisals are completed remotely, with an onsite inspection available when condition verification or a large-scale inventory assessment is required. Remote work runs from:
Who we serve
We serve gym owners, fitness franchise operators, hotel and corporate wellness managers, physical therapists, estate attorneys, CPAs, insurance adjusters, and individual donors. We also assist families settling estates that include home gym equipment and individuals donating fitness assets to qualifying nonprofit organizations.
We appraise fitness equipment across the full commercial-grade and consumer-grade range, from a single machine to a facility-wide inventory.
Cardio and strength
We appraise the cardio machines, strength stations, and free weights that fill the main floor of any gym:
Studio, recovery, and specialty
We also appraise the studio, recovery, functional, aquatic, and connected equipment beyond the main floor:
What fitness equipment appraisal clients say we are known for
Across 16 published fitness equipment appraisal reviews, every one from a client who paid AppraiseItNow for an appraisal, the three things they raise most often are that they would hire us again, how quickly we answer, and how much research is visible in the report.
I recommend AppraiseItNow Inc. highly. I needed an appraisal of fair market value for geologic laboratory equipment for charitable donations to three universities. The unique items and limited secondary market complicated the valuation. They provided a sound, verifiable estimate and the 8283 forms that I was able to use in my tax filings. I would use them again.
Lab Equipment Appraisal for Charitable Donation
AppraiseItNow did an outstanding job appraising my 1998 Bobcat Skid Steer and circa 2010 Yuchai Crawler Dozer. We could not locate a serial number on the dozer, and there were no online sales available, but they were still able to develop an accurate appraisal using known specifications for my dozer compared to other comparable make and model dozers. They diligently researched both equipment items and provided well-documented reports.
Machinery & Equipment Appraisal
I needed an IRS-qualified appraisal for an unusual and costly piece of medical equipment. AppraiseItNow was able to provide me exactly what I needed on a timely basis. The personnel at the company are very friendly and helpful. I would definitely use them again.
Medical Equipment Appraisal for Charitable Donation
Affordable and reliable, with fast service and always responsive to my messages and questions. They delivered my appraisal on time without a glitch. 100% Recommended! I wouldn’t use anyone else for my business. Thank you, Joe — you’re great!
Machinery & Equipment Appraisal for Bankruptcy Filing
I highly recommend the AppraiseItNow team. They were responsive and timely from start to finish, and the whole process was seamless. The final report was super detailed and gave me all the information I needed. I am so glad I hired them and would recommend them to anyone needing an appraisal!
Technology Equipment Appraisal for Divorce
They did an appraisal of medical equipment for donation. They did it quickly, and I received a blank form 8283 signed by the appraiser. It was what I needed. The price was higher than I wanted to spend on an appraisal, but a lot lower than other appraisers. AppraiseItNow was very responsive and communicative, and the other appraisers were not. I would use them again.
Medical Equipment Appraisal for Charitable Donation
Submit estimate or list of items for our review.
We'll share a flat fee quote for your approval.
Submit details on all of your items for our review.
We'll conduct detailed research and prepare a written USPAP-compliant report.
Delivery of your report and supporting documents (e.g., signed IRS Form 8283) by email.
Standard Fee Range
$695 – $2200
Standard range for our Fitness Equipment appraisals based on past projects
Two report tiers. Your intended use sets which one you need.
from $295
USPAP-compliant report for standard purposes
from $395
USPAP-compliant and IRS-qualified report for advanced purposes
Please note that the fees listed below are for informational purposes and are subject to change. Our team will review your materials and issue your quote before we get started.
1 item
$295 – $595
Single machine appraisal
10 items
$995 – $2200
Small fleet or mixed equipment set; varies if conducted onsite
50+ items
$5K – $10K+
Larger inventory; frequently done in-person
Our Fitness Equipment appraisal fees are transparent, scope-based, and designed to be fully USPAP-compliant for your intended use. We don't bill by the hour and will propose a fixed fee before we start our work, so you'll know exactly what you are paying before engaging our team. Please note that the pricing outlined here is strictly for informational purposes; before issuing your quote, we will need to get a better understanding of your assets so we can properly scope the assignment.
Given the USPAP-compliant nature of AppraiseItNow’s appraisal reports, we prepare our deliverables for major legal, tax, and financial reporting purposes for individual and commercial clients.
Popular uses of our appraisal reports include:
No. Unlike vehicles, fitness equipment has no universally accepted price guide, so we build comparables from commercial dealers' used inventory, wholesale auction results, and private sale data, then adjust for age, condition, and remaining life. Generic retail asking prices without adjustment are weak support for value.
Hard-used commercial cardio units often lose 60 to 80 percent of their value within five to seven years. Flat rules of thumb like valuing all gym equipment at 30 percent of original cost are not consistent with professional cost-approach practice; we document model-specific replacement pricing and apply depreciation that reflects actual commercial wear.
Yes. Treadmills, bikes, and strength units lacking current-generation consoles, heart-rate integration, or network connectivity often trade at substantial discounts to newer models, sometimes at auction-level pricing. That is functional obsolescence, and an appraisal that grades such units merely as good condition overstates value.
When the claimed deduction exceeds $5,000. IRS rules require a qualified appraisal and Form 8283 signed by the appraiser and the donee organization for noncash contributions above that threshold. Estate and gift filings on Forms 706 and 709 are likewise expected to use qualified appraisals when equipment values materially affect the return.
No. SDE multiples and fixed percentage-of-cost heuristics are rough business-pricing tools that blend going-concern economics with asset value. They do not reflect itemized market or cost analysis of individual machines, so treating them as equipment fair market value in tax, divorce, or collateral contexts produces materially biased numbers.
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