Income Property Valuation

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 and other approaches to value. Ideal for college-level real estate classes, the text includes Excel templates, Instructor Resources, and a link to a free trial of ARGUSTM 11.0. Contents: Appraisal Principles and Highest and Best Use - Market Area and Neighborhood Analysis - Site and Improvements Description and Analysis - Compound Interest and Discount Factors - Cash-Flow Forecasting - Investment Return Calculations and Discount Rate Selection - Income Capitalization Approach - Leased Fee and Leasehold Valuation - Computer Assisted Lease-by-Lease Analysis