Certified General Appraiser case studies
Certified General Appraiser · Put your knowledge to work in context.
The Certified General Appraiser credential is the highest-level real property appraiser classification in the United States, allowing a credentialed appraiser to value all types of real property, including complex income-producing properties such as office buildings, retail centers, and industrial assets. Candidates typically pursue it after gaining experience in commercial valuation work, since the qualification path demands demonstrated competence with income, cost, and sales comparison approaches applied to larger and more complicated assignments. The Certified General Appraiser case studies are 5 cases and about 3,599 words.
1Loan Officer Pressure and a Prior Appraisal
You are a CG appraiser engaged by a regional bank to appraise a 24-unit apartment building for a refinance. The loan officer emails a prior appraisal concluding 4.35 million and writes: 'Borrower needs 4.0 million; please make sure your value supports that or the rate lock expires Friday.' Your preliminary work indicates contract rents of 1,250 per unit, vacancy and collection loss of 6%, operating expenses of 7,800 per unit, and market cap rates of 6.25% to 6.75%.
707 words, about 4 min2Below-Market Lease in a Retail Strip
Subject is an 8,000-square-foot neighborhood retail strip with four 2,000-square-foot bays. Bay 1 is leased to a credit tenant at 28.00 per square foot NNN through December 2029; market rent is 36.00 NNN.
668 words, about 3 min3Highway Commercial Parcel with Floodplain and Sewer Constraint
Subject is a 5.2-acre parcel on the east side of a secondary highway, 1.8 miles from an interstate interchange. It is zoned C-2 highway commercial, but the current use is a grassed lot with a small 1,200-square-foot office built in 1978.
756 words, about 4 min4Reviewing a Litigation Appraisal with a False Certification
You are asked by counsel for a property owner to review an appraisal prepared for condemnation litigation. The report values a 62,000-square-foot suburban office building at 12.4 million as of January 1, 2024.
738 words, about 4 min5Special-Purpose School Campus on Appeal
You appraise a private school campus for a property-tax appeal. The campus has a 38,000-square-foot classroom building built in 1974, a 12,000-square-foot gymnasium built in 1982, and 14 acres of land.
730 words, about 4 min