The Appraisal Institute, in hopes of providing the necessary
background on the complexities of valuing properties, and covering economic
trends and locational issues affecting dealerships and re-imaging projects, has
published a book entitled “A Guide to Appraising Automobile Dealerships.”
“This book will prove useful to commercial real estate
appraisers wishing to meet the challenges presented by valuing this unique
property type,” Appraisal Institute President M. Lance Coyle, MAI, SRA, wrote
in the book’s foreword. “It
will also expand appraisers’ areas of expertise as well as those who design,
develop, finance and invest in auto dealership properties. To develop a credible valuation of an auto
dealership, the appraiser must understand the particular features of this
property type and maintain a familiarity with current trends in the real estate
and automotive industries.”
The author of “A Guide to Appraising Automobile
Dealerships,” Bradley R. Carter, MAI, provides up-to-date information on topics
such as market location and improvement analyses, highest and best usage, land
valuation, applications regarding the sales comparison and income
capitalization approaches towards value and report writing as they apply to
auto dealership and valuation assignments.
“A Guide to Appraising Automobile Dealerships” is a 180-page
softcover book. It is available for $50, $40 for Appraisal Institute
professionals. You also can order online or by calling 888-756-4624.