Book Description: Offering a comprehensive look at the appraisal of real estate income property, this textbook explains the importance of projecting income when valuing commercial real estate through the income approach, as well as other approches to value.
Chapter 1- Introduction for Income Property Valuation
Chapter 2- Appraisal Principles and Highest and Best Use
Chapter 3- Market Area and Neighborhood Analysis
Chapter 4- Site and Improvements Description and Analysis
Chapter 5- Compound Interest and Discount Factors
Chapter 6- Cash-Flow Forecasting
Chapter 7- Investment Return Calculations and Discount Rate Selection
Chapter 8- Income Capitalization Approach
Chapter 9- Leased Fee and Leasehold Valuation
Chapter 10- Computer-Assisted Lease-by-Lease Analysis
Chapter 11- Highest and Best Use Analysis: Applications
Chapter 12- Sales Comparison Approach
Chapter 13- Site Valuation
Chapter 14- The Cost Approach
Chapter 15- Investment Measures with Mortgage Financing
Chapter 16- Valuation of Mortgage and Equity Interests
Chapter 17- Valuation of Nontypical Mortgage Financing
Chapter 18- Risk Analysis
Chapter 19- Tax Considerations in Income Property Valuation
Chapter 20- Reconciliation and Validation Tests
Chapter 21- Valuation of Proposed Projects
Chapter 22- Valuation of Distressed Properties
Appendix A- Annual Compount Interest Tables
Appendix B- Monthly Compount Interest Tables
Appendix C- Case Study: Appraisal of Bay Hill Apartments
Glossary of Terms and Symbols
Index