Presentation Outline

Presenter Introduction
Subject Property
Photos and Maps
Description
   History, Age, Use, Sizes
Neighborhood and Market Conditions
Highest and Best Use
Valuation
   Cost Approach
      Land Value
      Building Value – New less depreciation
   - Indication
   Sales Approach
      Comparables
      Adjustments
   -Indication
   Income Approach
      Rent Roll
      Comparable Rents
      Revenue Forecast
      Operating History
      Expense Forecast
      NOI Forecast
      Capitalization Comparables 
      Direct Capitalization
      Discounted Cash Flow
   -Indication
Reconciliation and Conclusion of Value

Reconciliation is the final step in the valuation process in which the analyst con­siders the value indications derived under each approach and select a final value estimate. The analyst must consider all indications of value as they relate to three factors: appropriateness, accuracy, and quantity of evidence. 

Final Conclusion of Value