2017 USPAP COMMERCIAL ASSESSMENT MANUAL

Section 1 – Introduction and Letter of Transmittal

·         Introduction and Letter of Transmittal

Section 2 – Scope of Work

·         Scope of Work

Section 3 – Valuation Premises and Procedures

·         Basic Valuation Theory

·         Sales Analysis

·         Qualified Sales

·         Sales Property Record Cards

·         Income Data

·         Vacancy & Expense Data

·         CAP Rate Data

·         Income-Vacancy-Expense Rental Adjustments

·         CAP Rate Tables

·         Land Value Extraction

·         Income Land Residual

·         Income Land Residual By Neighborhood

·         Condo Site Factor Extraction

Section 4 – CAMA Tables and Codes

·         Identification of CAMA System Codes

·         Base Building Rate Analysis

·         Extra Features Codes & Prices

·         Outbuilding Codes & Prices

·         Land Use Code Cost Settings

·         Zoning Map

·         Zoning Ordinance

·         Sub-Area Codes

·         Allowable Construction Codes

·         Cost Model Codes & Coefficients

Section 5 – Time Trending

·         Explanation & Derivation of Time Trending Factors

Section 6 – Land Analysis & Parameters

·         Explanation & Results of Neighborhood Land Classification

·         Land Curve Report

·         Neighborhood Land Adjustment Codes

·         Special Land Unit Pricing

Section 7 - Commercial/ Industrial Cost/Market Valuation

·         Explanation & Results of Neighborhood Land Classification

·         Building Costs

·         Types of Depreciation Considered and/or Utilized

·         Income Approach

·         Income Detail Review Report

·         Cost-Income Correlation Report

Section 8 – Ratio Analysis

·         Old Ratios

·         New Ratios

Section 9 – Appendices

·         A. Contract

·         B. Commercial Neighborhood Map

·         C-1. Individuals Responsible for Assisting in Completion of Report

·         C-2. Qualifications

·         D. CAMA Systems Codes

·         E. Zoning Codes

·         F. Sales Validity Codes

·         G. DRA Property Assessor Supervisor Certificate

·         H. Useful Definitions

·         I. Sales Not Used

Section 10 – Miscellaneous

·         Vision Value Summary Reports

·         A.  Commercial, Industrial and Apartments Valuation List

·         B.  Assessor’s Classification Report (LA4)

·         C.  Classified Parcels Report (A800)

·         D.  MS-1 Report

·         E.  C/I/A Properties on the Market 

·         F.  Commercial Real Estate Brokers’ Reports