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.
Water Considerations in Real Estate Valuation
Marshall & Stevens evaluates real estate where water rights and water-related infrastructure contribute to the use and value of the property. Our experience includes large-scale agricultural operations and the water rights that sustain them, as well as data centers, power generation projects, semiconductor facilities, and heavy industrial properties with significant cooling or operational requirements. Depending on the property and purpose of the assignment, our analysis can address land, water rights, easements, specialized infrastructure, and related machinery and equipment, providing a more complete view of assets whose value cannot be understood through the underlying real estate alone.
Food and Beverage Valuation
Food and beverage processing facilities can combine agricultural real estate with specialized industrial improvements and significant water requirements. Marshall & Stevens provides valuation and consulting experience across agriculture, water rights, and heavy industrial assets, including specialized food manufacturing facilities, allowing us to consider the real estate alongside the resources and infrastructure that support its productive use. For agricultural, dairy, meat processing, and other food and beverage operations, this perspective is relevant when evaluating properties where access to water and specialized processing infrastructure are closely connected to the use of the real estate and its value.
Water-related real estate assignments can involve multiple property interests and asset categories, requiring analysis that extends beyond a conventional appraisal. Marshall & Stevens brings together real estate, machinery and equipment, infrastructure, and specialized natural resource experience to support financial reporting, transactions, tax and asset management, financing, and disputes. This multidisciplinary approach helps clients understand and document value when water is an important part of a property’s use, infrastructure, or underlying rights.
Frequently Asked Questions
Water rights can be an important component of real estate when a property’s productive use depends on reliable access to water. Marshall & Stevens has experience valuing large-scale agricultural operations and the water rights that sustain them, connecting traditional land valuation with specialized natural resource interests.
Water can be particularly relevant to agricultural properties, data centers, power generation projects, semiconductor facilities, and heavy industrial properties. Depending on the property, water rights, cooling requirements, infrastructure, and other specialized assets may need to be considered alongside the underlying real estate.
For agricultural properties, water rights can be closely connected to the land’s productive use. Marshall & Stevens evaluates large-scale farming operations and the water rights that sustain them, allowing these interests to be considered as part of the broader real estate valuation.
Marshall & Stevens provides real estate valuation and consulting for purposes including financial reporting and compliance, tax and asset management, litigation and dispute resolution, and strategic advisory matters. For properties involving water rights or water-dependent operations, the scope can account for those interests as part of the specific valuation assignment.



