The Marshall & Stevens Insights Center features articles, webinars, and technical resources that examine the valuation of water and wastewater systems, the factors that influence their value, and the challenges facing aging water infrastructure. These resources explain how valuation methodologies are applied to water utilities and infrastructure assets, while exploring the regulatory, operational, and investment considerations that shape acquisition, financing, and rate setting decisions. Whether you are evaluating a transaction, planning capital improvements, or seeking a better understanding of water infrastructure valuation, our insights provide practical guidance grounded in real world experience.
Drinking Water:
Drinking water systems bring together treatment and storage facilities, distribution infrastructure, machinery and equipment, easements, land, and water rights. Marshall & Stevens can evaluate these components individually and as parts of an interconnected system, helping clients understand how specialized infrastructure and underlying property interests contribute to value. This work draws on our experience with water rights, utility infrastructure, machinery and equipment, and complex real estate.
Wastewater Collection and Processing
Wastewater infrastructure presents similar valuation challenges across treatment facilities, collection systems, pipelines, equipment, easements, and related real estate. Marshall & Stevens applies experience across multiple asset classes to support assignments involving financial reporting and compliance, tax and asset management, transactions, and litigation or dispute resolution. This approach is particularly useful when the assets and infrastructure of a wastewater system need to be considered beyond the scope of a conventional real estate appraisal.
Water Infrastructure in Industry
Water can be an important operating requirement for manufacturing facilities resource-intensive operations inlcuding, data centers, power generation, agriculture. Marshall & Stevens’ broad experience valuing data centers, semiconductor projects, heavy industrial facilities, power generation assets, agriculture, and water rights, allows us to examine water-related infrastructure within the broader context of the facility it supports.
Water infrastructure decisions often involve significant financial, operational, and regulatory considerations that require specialized valuation expertise. Marshall & Stevens brings together professionals across real estate, business valuation, financial valuation, machinery and equipment appraisal, and litigation support to provide independent, well supported analyses for water and wastewater assets throughout their lifecycle. Whether supporting a transaction, financial reporting, tax matter, dispute, or long term capital planning initiative, we help clients make informed decisions involving critical water infrastructure with confidence.
Frequently Asked Questions
Water rights can be an important property interest when the use or operation of an infrastructure asset depends on access to water. For agricultural properties in particular, Marshall & Stevens evaluates large-scale farming operations and the water rights that sustain them, connecting traditional land valuation with the analysis of specialized natural resource interests.
Water considerations can intersect with agriculture, data centers, power generation, heavy industrial facilities, semiconductor projects, and other specialized infrastructure. Depending on the asset, the analysis may need to consider real estate, water rights, easements, machinery and equipment, cooling infrastructure, and other operating systems together.
Marshall & Stevens’ infrastructure and real estate valuation work supports a range of needs, including transactions, financial reporting and compliance, tax and asset management, financing, and litigation or dispute resolution. The specific scope depends on the property interests involved and the purpose of the valuation.
For some specialized properties, the underlying land is only one component of value. Water rights and related infrastructure may support the property’s productive or operational use, making it important to identify and evaluate the relevant property interests rather than relying solely on a conventional real estate analysis. Marshall & Stevens’ multidisciplinary approach is designed for assignments where real estate, infrastructure, equipment, and natural resource interests intersect.



