"Let's Eat Out"-Restaurant Valuation Issues

Date: November 4, 2021

Location: Flint, MI


Sponsor:
Great Lakes Chapter
Contact:
Mrs. Kaczor
Phone:
810-364-5640
Email:
jkaczor29@gmail.com
Website:
http://www.glcai.com/
Name:
Holiday Inn - Gateway Centre
Address:
5353 Gateway Centre Drive
Flint, MI 48507
Phone:
810-232-5300
Speakers:
Rice, MAI, David

AI Price: $75.00
Full Price: $100.00

Notes

CLASS SCHEDULE: 
Check in: 7:45am-8:00am 
Class Begins: 8:00am.
Coffee, Tea & Continental Breakfast is included.  Lunch is on your own.

Cancellation Policy

A full refund will be issued if request is either postmarked or fax-dated prior to October 21st.  A partial refund will apply if the request is received after October 28th.  No refund after October 28th..

Additional Information

“LET’S EAT OUT”

RESTAURANT VALUATION ISSUES

This four hour seminar provides continuing education for Michigan assessors and appraisers. The seminar begins with an overview of the quick serve and casual dining restaurant sector, the evolution of its changing real estate requirements, the effects of Covid-19 on building design.

The definition of highest and best use is reviewed including USPAP citations in Standards 1-3, 2-2 and 6-8. Examples of changing highest and best use and feasibility rent are explored.

Court cases involving restaurant valuation issues are identified. Valuation issues including short economic lives and forms of depreciation are addressed via market examples.

The sales comparison and income approaches are examined from both leased fee and fee simple perspectives.

A case study highlighting changing property rights leading to a different highest and best use conclusions and its effect on value is presented.

David Rice, MAI, CAE, MMAO 4

March 2021

National Disclaimer

This Educational Program was developed and organized by the Appraisal Institute Chapter offering the Program with the intent of addressing topic(s) of current local interest solely for educational and informational purposes. The Appraisal Institute national organization was not involved in developing or organizing the Program.

The content of this Program, including but not limited to any written materials and presenter comments, does not represent the viewpoint of the Appraisal Institute (defined as including but not limited to, the national organization, its Regions, Chapters, members, candidates, affiliates and staff) unless formally adopted by the national Board of Directors. Further, the Appraisal Institute has not peer-reviewed or approved the content of the Program and does not warrant the accuracy or timeliness of the content of the Program. The content of the Program is subject to court decisions and local, state and federal laws and regulations and any such revisions of such laws and regulations.

This Program is presented with the understanding that the Appraisal Institute is not engaged in rendering legal, accounting or other professional advice or services. Nothing in the Program is to be construed as the offering of such advice or services. If expert advice or services are required, attendees and readers are responsible for obtaining such advice or services from appropriate professionals.

State Credit

Please note that 100% attendance is required in order to receive any approved state credit or to be awarded AI CE points. It is imperative that you check with your state board for state approval information before completing registration.

Other Information

If you have a disability and require accommodation, please notify the sponsor at least two weeks in advance for reasonable accommodations to be arranged.

The Appraisal Institute reserves the rights to cancel, limit, or reschedule the program and to change instructor assignments and facility locations at any time.