Office, Industrial & Retail Property Valuation and Advisory
Retail, Industrial, and Office Property Valuation and Advisory Services
Leveraging data-driven insights from more than 12,000 annual commercial valuations conducted across both regional and metropolitan Australia.
From office buildings and industrial sites to retail centres, our expert team can provide in-depth, accurate insights to empower your property decisions. Whether you’re an investor, developer, or lender, our valuations help you make informed choices, optimise returns, and manage risks in this critical market segment.
We provide key insights to support decision-making for commercial property owners.
Opteon's expert valuation and advisory services support your commercial property needs, including financial reporting, stamp duty, mortgage security, and SMSF compliance. Our services also guide sale and lease negotiations with accurate market insights and assessments. Additionally, we offer tailored advice on market trends and investment strategies to help you make informed decisions and achieve your goals. View more on our services before or request a quote.
Our Experts

Sam Lipshut
Head of Department - Middle Markets & Portfolio

Alexander Ben
Senior Director – Commercial (VIC/SA)

Kevin Murphy
Senior Director - Commercial

Shane Low
State Director - Commercial

Daniel Sander
Senior Director - Specialised Commercial & Advisory

Ben Farquhar
Director - Core Commercial

Paul Bungate
Director - Middle Markets & Advisory

Seamus Macleod
Director - Specialised & Advisory

Sam Lipshut
Areas of Expertise
- Valuations for most financial institutions
- Pre-sale and pre-purchase consultancy advice
- Valuations for accounting, financial reporting or superannuation purposes
- Valuations for tax purposes (GST or CGT)
- Valuations on an “as is” and “upon completion” basis, incorporating feasibility analysis
- Rental assessments or advice for both landlords and tenants
- Valuations for matrimonial dispute / family law purposes
Industry Experience
Sam has over 20 years of experience in a variety of commercial valuation sectors. Prior to joining Opteon, Sam held the position of Director at another firm for many years and was head of its Office Valuations Practice Group. Sam predominately specialises in the valuation of suburban office buildings and city fringe commercial development sites. He also has broad experience in both industrial and retail asset classes. Sam has strong relationships with key stakeholders at most banking institutions and non-bank lenders, together with long standing relationships with many private clients.
Formal Qualifications
- Certified Practising Valuer
- Associate Member of the Australian Property Institute (API Member No. 62776)
- Bachelor of Business (Property) – RMIT
- Course in Real Estate for Agent’s Representatives

Alexander Ben
Areas of Expertise
- Office, retail and industrial valuations
- Childcare, medical clinics and cold storage facilities
- Mixed use developments.
- Asset valuations for financial reporting, family law and single expert witness valuations and market rental assessments.
- Residential Valuations
- Valuations for financial reporting
- Valuation Portfolio management
Industry Experience
Alex is the Senior Director – Commercial (VIC/SA), with over 15 years’ experience within the property industry with expertise across industrial, office and retail sectors. Alex has extensive knowledge and experience in childcare, medical and cold storage valuations in addition to mixed-use developments. Alex’s role focusses on servicing a number of clients including the major banks and private clients for financial reporting and legal advice. Alex’s continued focus is also on growing the VIC & SA commercial teams by building on new and existing clients across each state.
Formal Qualifications
- Associate Member of the Australian Property Institute (API Member No. 63188)
- Certified Practising Valuer
- Bachelor of Business (Property)
- Member of the Property Council of Australia

Kevin Murphy
Areas of Expertise
- Commercial property valuations
- Mortgage security valuations
- Feasibility Analysis
- Family Law/Expert Witness
- Financial Reporting
- Rental Assessments/Determinations
Industry Experience
Kevin has over 10 years’ experience in real estate valuation and advisory services predominantly throughout metropolitan Sydney. Kevin’s extensive experience expands across a wide range of asset classes including commercial, industrial, retail, residential and development sites. Kevin provides high level valuation and advisory services for various clients including all major banks, financial institutions, private clients, government departments, national and multinational businesses.
Formal Qualifications
- Certified Practising Valuer
- Associate Member of the Australian Property Institute (API Member No. 77400)
- Bachelor of Science (Hons) Property Investment and Development

Shane Low
Areas of Expertise
- Commercial property
- Leases
- Banking and finance valuations
- Pre-purchase & pre-sale advice valuations
- Rent roll valuations
- SDA Valuations
Industry Experience
Shane has been in the property industry since May 2014 commencing as a Graduate Valuer whilst completing studies at Curtin University (Perth).
In 2016, Shane qualified as a Certified Practising Valuer with the Australian Property Institute and DMIRS.
Shane is part of the commercial team in Western Australia conducting valuations focusing on commercial property (such as industrial, office, retail and medical assets) whilst also completing rent roll and specialist disability accommodation (SDA) valuations.
Shane holds the title of Director - Commercial, overseeing a new team of highly skilled commercial valuers.
Formal Qualifications
- Associate Member of the Australian Property Institute (API Member No. 83194)
- Certified Practising Valuer
- WA Land Valuers Licence (Licence No. 44894)
- Bachelor of Commerce (Property Valuation), Curtin University

Daniel Sander
Areas of Expertise
- Valuations of Middle Markets assets (office, retail and industrial - $5-$25m)
- Specialised assets including childcare, tourism / accommodation and residential development projects
- Special Disability Accommodation (NDIS)
- Matrimonial Settlement / Family Court Valuations
- Compulsory Acquisition Valuations
- Strategic Advisory Services for Clients
Industry Experience
Daniel has over 25 years’ experience in the Property and Valuation Industry with expertise in multiple asset classes throughout Adelaide and regional South Australia. His areas of specialisation include middle market office, retail and industrial assets ($5-$25 million), childcare (including freehold going concerns), tourism and accommodation assets (motels, caravan parks) and residential development projects. He is an approved panel valuer for all major Australian banks and has undertaken numerous valuations for legal purposes (including for family law and commercial litigation matters). Daniel is also an experienced compulsory acquisition valuer and is a current examiner for the Australian Property Institute for both RPV and CPV applicants.
Formal Qualifications
- Certified Practising Valuer
- Fellow Member of the Australian Property Institute (API Member No. 64256)

Ben Farquhar
Areas of Expertise
- Mortgage valuations (residential, industrial, commercial/retail, real estate rent rolls) up to $10,000,000
- Rental valuations (for rent reviews and commercial disputes)
- Financial reporting valuations
- Expert witness valuations and Government consultancy
Industry Experience
Commencing his valuation career in 2004 in Perth and becoming licensed in 2007, Ben has tended to focus on commercial property valuations across most generic fields including industrial, commercial/retail and residential. In 2007 Ben moved to the Kimberley and over the following 11 years covered most asset classes including residential, going concerns (sub $5,000,000) and agri-business valuations. Over the course of 2017 and 2018, Ben assisted with a lead roll in mass appraisals for the Northern Territory Government in Darwin and Palmerston. At the beginning of 2019, Ben moved to Brisbane in the role of Senior Valuer focusing on commercial property.
Formal Qualifications
- Bachelor of Commerce
- Master of Property
- Associate of the Australian Property Institute (AAPI) – API No: 65252
- Licensed Valuer (Qld) – QVRB No: 4091MR

Paul Bungate
Areas of Expertise
- Banking and Finance Valuations
- Market Value Assessments
- Rental assessments
- Taxation (Stamp Duty, Capital Gains & GST)
Industry Experience
Paul Bungate is the Director of Middle Markets & Advisory at Opteon. He has brought a wealth of experience and knowledge to Opteon with circa 20 years of experience within the Valuation and Property Industry. Paul is an Associate of the Australian Property Institute, and a Certified Practicing Valuer. He has worked in credit risk as a property specialist within one of Australia’s largest banking institutions, which brings valuable insights into all aspects of the valuation process. Paul specialises and is accredited within Opteon as a specialist in middle markets valuations with extensive experience across all Sydney Metro areas.
Formal Qualifications
- Associate Member of the Australian Property Institute (API Member No. 69573)
- Certified Practicing Valuer

Seamus Macleod
Areas of Expertise
- Commercial Market Value Assessments
- Banking and Finance Valuations
- Family & Federal Court Expert Witness
- Market Rental Assessments
- Strategic investment property advice
- Alternative investments (childcare, petroleum, NDIS, boarding houses)
Industry Experience
Seamus is a highly motivated property professional with over ten years’ experience within the commercial valuation industry. Seamus commenced with Opteon shortly after completing his Bachelor of Property Economics at the University of Technology Sydney. After working hard on increasing his skill set and expertise whenever he can, he has since gone on to complete his MBA in 2019.
Seamus is currently based near the Sydney CBD and concentrates on the Sydney metro area. His clients include both large and boutique lenders, government departments, accountancy and legal firms, and private citizens. He was nominated as the NSW representative for Opteon’s Youth Leadership Team 2015-2016, building his skills not only in the valuation industry but as a professional leader.
Formal Qualifications
- Associate Member of the Australian Property Institute (API Member No. 82462)
- Certified Practicing Valuer
- Bachelor of Property Economics - UTS
- Master of Business Administration - UTS
Why Opteon?

Our Coverage
We have a team of more than 130 local valuers providing coverage across 98% of Australia’s postcodes. Our experts have local knowledge in metropolitan to rural areas and experience working in commercial spaces like retail, offices, and industrial.

Our Technology
Our technology enhances the valuation process for everyone involved with customisable, automated workflows and centralised systems to access, manage, and deliver your reports.

Our Process
We integrate innovation into every step of our process from ordering a valuation to receiving your final report. Our seamless valuation experience combines the human expertise of our valuers and the efficiency of our technology.
Our Office, Industrial & Retail Property Expertise
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