To provide a high quality valuation service, inclusive to all types of businesses, organizations, agencies, and people; in an unbiased manner, delivered on time, with great customer service, and in a format tailored to the client.
Who We Are
Ajay S. Madhvani
Ajay S. Madhvani is owner of AM Valuation Services, PLLC and has been a commercial real estate appraiser since 2004. Ajay has experience in commercial property types including multi-family, industrial, retail, office, residential subdivisions, land, tribal land, self-storage, and several other types of commercial real estate. Ajay has also performed large project appraisals on tribal lands throughout the southwest United States.
His book of clients includes banks, governmental entities, attorneys, and private corporations. Ajay is an MAI, and a Certified General Appraiser in the States of Arizona, New Mexico, and Utah. Ajay is also a former Director on the Southern Arizona Chapter of the Appraisal Institute. He obtained his bachelor’s degree in Business Administration from the University of Arizona’s Eller College of Management, with majors in finance and business management.
Gustavo Armendáriz, MBA
Gustavo Armendariz is a native Tucsonan and brings more than 20 years in Financial Services Industry that includes Branch Management, Operations, Lending, and Collections. Gustavo began commercial appraisal training in June of 2022 and is in the process of taking classes and logging experience hours.
He obtained his Masters of Business Administration from Louisiana State University-Shreveport, Bachelors of Business Management from Park University-DMAFB Campus, and Associate Degrees from San Diego Mesa College and Pima Community College.
Gustavo enjoys travelling, soccer, is currently caring for a hospice dog, Mr. Darcy, and most of all, spending time with his daughter.