Fee Simple & Property Rights Valuation Issues for Commercial Properties
1 Day (New 2020)
Assessors are challenged by the need to develop Fee Simple values for property that sells based on leases in place at the time of sale. This workshop looks at background, terminology, and appraisal concepts for Fee Simple valuation, as well as suggested appraisal practice and possible solutions to resolving common issues that surface in the valuation of leased commercial property. Several examples of effective rent and proper handling of tenant improvements are incorporated in the material. The workshop includes three short case studies that involve 1031 exchanges, long-term/credit leases, and leased fee/leasehold property rights.
Instructors available for this course are listed below. Contact them for more information about this course.
Kevin D. Hayes, MAI, CAE, RES, CFE
Jerald Rudman, Chief Commercial Deputy Assessor
Lori-Ann Seethaler, RES, MIMA Manager, Valuation & Customer Relations Municipal Property Assessment Corporation (MPAC)
Randy Ripperger, CAE Polk County Assessor
515-286-3158 direct 515-286-3386 fax 515-777-8391 cell
Amy Rasmussen, RES, AAS, ICA Director of Litigation, Polk County Assessor's Office
515-286-3326 office 515-240-0755 cell
Robert T. Lee, ESQ., J.D., AAS
Kara Endicott, CAE, RES, RMA
Ken Voss, MAI, AI-GRS, SRA, CAE
404-822-9595 404-869-7970 fax
Brad Eldridge, MAI, CAE