Principles and techniques used in the valuation of commercial property. Topics include purposes and functions of an appraisal, social and economic forces affecting value, appraisal case studies, cost, and income approaches to value. Emphasizes commercial property by presenting a simplified operating statement analysis and a simplified approach to the study of capitalization theory and techniques as applied to investment property. Designed for the beginning appraiser, licensee, or investor. Basic Techniques of the Income Approach by Miester.
Absences have a detrimental impact on grades and credit.
Students are encouraged to do outside reading. Each student will be required to do a short narrative appraisal or form appraisal on a Commercial Property. The amount of time spent and the depth of coverage of certain areas may vary according to interest and background. No student shall receive credit for the course without meeting the attendance requirements and having a passing grade average on all work. A student who fails may retake the course for credit.