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Appraisal of Medical Office Buildings
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Changing trends in
medical practice, health insurance, and demographics are fostering changes in
the design of and demand for medical office buildings. This program is designed
for commercial appraisers who want to branch out into the specialty of medical
office building appraisal.
Appraisal
of Medical Office Buildings
emphasizes how appraising medical office buildings differs from appraising
other types of commercial properties. It focuses on the sales comparison and
income approaches, and participants are expected to be trained in both as well
as in the application of discounted cash flow analysis. Due to time limitations,
the cost approach is not presented. However, cost-approach methodology for
medical offices is consistent with that used for any other commercial property
type and is important to valuing recently constructed or new facilities. The
program identifies the key differences between medical office construction and
standard office construction. In addition, the program uses historical data to
illustrate long-term trends and their influence on the market.
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Delivery Format |
Check
State Approvals |
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| Appraisal Institute |
On Demand |
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Online |
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Program State Approval & Hours
Some AI educational programs may not be approved in every state and every delivery format. To see a list of all state approvals across all formats for this course, please use the link below.
View all approvals for this course
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General real property appraisers
- Differentiate between the types of healthcare services and the types of healthcare facilities they occupy.
- Examine how changes in the healthcare industry are influencing medical office demand.
- Analyze how practice trends are changing the size, configuration, and location of medical offices.
- Examine how the medical office market is responding to healthcare trends.
- Distinguish characteristics of medical office buildings from standard office buildings.
- Analyze important clauses to consider in a review of medical office leases.
- Describe trends in the medical office leasing market.
- Illustrate when to apply the sales comparison approach for valuation of a leased fee interest in a medical office building.
- Demonstrate the use of appropriate guidelines for selection of comparable sales for valuation of a leased fee interest in a medical office building.
- Properly apply transactional and property adjustments in the sales comparison approach for leased fee interests in medical office buildings.
- Distinguish between major factors contributing to the economic characteristics adjustment for a medical office building.
- Demonstrate proper methodology in the sales comparison approach for valuing a fee simple interest in a medical office building.
- Distinguish how and when to use direct capitalization for valuation of a leased fee interest in a medical office building.
- Examine and consider the following factors in estimating the leased fee capitalization rate: tenant quality, rent level, and lease type.
- Examine and consider the following factors in estimating the leased fee capitalization rate: term remaining, options remaining, location, and others.
- Illustrate direct capitalization for valuation of leased fee interests in single-tenant medical office buildings.
- Demonstrate proper data collection techniques to support leased fee capitalization rates for medical office buildings.
- Demonstrate proper application of discounted cash flow analysis in the valuation of leased fee interests in medical office buildings.
- Illustrate proper methods for estimating a reversion in the valuation of leased fee interests in medical office buildings by discounted cash flow analysis.
- Demonstrate proper application of discounted cash flow analysis in the valuation of leased fee interests in single-tenant medical office buildings.
- Demonstrate proper application of discounted cash flow analysis in the valuation of leased fee and fee simple interests in multi-tenant medical office buildings.
Knowledge and experience with basic appraisal theories and fundamental appraisal practices
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Appraisal Institute CE Points
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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.
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Required and/or Recommended Equipment
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Online Course AccessGo 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 DetailsFor 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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