Commercial Industrial Valuation

Instructor: John Zukowski, MAI, SRA, IAO

This course is designed to provide a basic understanding and overview of the procedures and practices necessary to appraise commercial/industrial properties. Valuations of this type can be complex and challenging even for experienced appraisers. The session includes introductory and basic instruction on how to prepare and perform a commercial/industrial appraisal. It also identifies physical types of structures and discusses appropriate use of the three approaches to value: cost approach, income approach, and sales comparison approach. In our review of the ORPTS Building Classification System, we will discuss elements of comparison and typical purchasers to develop the most applicable approaches to value of each type. (This course is a requirement for county directors seeking basic certification from ORPTS and can be taken for basic certification by assessors.)

FEES: NYSAA Members $495.00; Non-member $650.00

ADDITIONAL REQUIREMENTS: A workbook is included in the cost of the course. An HP12C calculator (or equivalent) is required for this course.

ORPTS CONTINUING EDUCATION CREDITS: One credit will be awarded for each classroom hour.

REIMBURSEMENT: Eligible assessors and county directors who attend will receive basic/continuing education credit and reimbursement from ORPTS pursuant to their current rules and approval by the Department of Budget.