Appraising Convenience Stores

Description

Learn to appraise convenience stores and gas stations. Important convenience industry trends are identified, such as hypermarket competition and today’s reliance on food service profitability. The material covers measuring trade area supply and demand and applying the three approaches to value. Participants learn how to forecast store revenue with confidence; deduct operating expenses; and separate earnings to real estate, FF&E, and intangibles. The seminar includes learning aids such as video interviews, valuation field examples, an FF&E value calculator, and an automated EBITDA Excel template.
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State Approvals
 

Program State Approval & Hours

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Who should Enroll

General real property appraisers with an interest in this property type

Objectives

  • Obtain specialized knowledge and skills to appraise these special-purpose properties.
  • Develop familiarity with the convenience industry, including an in-depth look at the challenges facing the convenience store retail channel.
  • Identify analytical tools for assessing the trade area.
  • Identify ways to accurately describe and consider the site, building, fuel service, and equipment.
  • Apply the cost, sales comparison, and income capitalization approaches to appraising convenience stores.
  • Identify how to avoid pitfalls and potential mistakes in appraising convenience stores.

Prerequisites

None

Exam

No Exam

Level

Intermediate

Appraisal Institute CE Points

Attend: 75 AI Points

Class Time

7 hours

Assignments

Yes. Participants must complete mandatory assignments in this program. Please plan your time accordingly and allow up to 5 days for the instructor to review your assignments. The instructor may ask for a re-submission of incomplete assignments. You may advance through the program while you are waiting for your instructor to review your work. You may also contact the instructor to request expedited review.


Program Overview


Required and/or Recommended Equipment

None specified

System Requirements


Additional Information

Online Course Access
Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red “My Account” button if you are not automatically taken to your account page.
1. Click "Education and Events" on the right navigation menu.
2. Find the course under the “Online Courses” heading and click the “Begin” button.
IMPORTANT NOTE: Once this button is clicked, your access length time (e.g. 90 days) will begin. Only click when you intend to start the course. If you are returning, once you have started the course, click the “Continue” button to continue.

Other Details
For information about how on demand online education programs work, registration and cancellation policies, and other details, see our On Demand Online Education Frequently Asked Questions.


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