Convenience stores and gas stations are operating business assets with unique valuation issues. The appraisal of convenience stores and gas station properties requires specialized valuation applications. Your client's success depends on knowledge, skill and experience. Put together a winning team.
Licensed attorneys and accountants may request a complimentary copy of our book, "CONVENIENCE STORES AND RETAIL FUEL PROPERTIES: ESSENTIAL APPRAISAL ISSUES", the valuation industry's leading textbook on the appraisal of gas stations and convenience stores. To receive your copy, e-mail Mr. Bainbridge at reb@cstorevalue.com by clicking the "E-Mail" tab above, or visit our website at www.cstorevalue.com by clicking the "Web Page" tab above.
See our featured Whitepaper, "Identification of Potential Severance Damages in Retail Gasoline Properties", on JurisPro's www.expertwitnessblog.com website, or visit our website to download the full PDF version. This paper substantiates the increased vulnerability that convenience retail properties have to access degradation and the need for higher damage awards in eminent domain takings.
Mr. Bainbridge will be a featured presenter at the American Law Institute | American Bar Association (ALI ABA) Eminent Domain Conference in Scottsdale, Arizona scheduled for February 4th through 6th, 2010. He will be speaking on the topic of "When Access and Use are Inextricably Tied: The Case for Greater Compensation for Convenience Outlets That Suffer Access Impairment". Not all access resolutions are "reasonable" or "convenient and adequate" as many courts have concluded. This will be the first presentation of its kind that substantiates and documents the increased accessibility required by convenience retail properties, such as gas stations, convenience stores, car washes, and fast-food restaurants. These types of properties are entitled to greater compensation for damages when access or visibility is impaired through an eminent domain action.
Mr. Bainbridge will be teaching "Land Valuation Workshop" for Shell Downstream, Inc. (Royal Dutch Shell Group) in Kuala Lumpur, Malaysia scheduled for September 15th through 17th, 2009. This program will instruct Shell's retail real estate personnel in the fundamentals of International Valuation Standards and the principles of real estate appraisal as applied to retail land.
For additional information about current valuation issues in the retail convenience industry, you may wish to visit our website at www.cstorevalue.com by clicking the "Web Page" tab above. On the “Video Insights” page you will find short, appraisal-related video clips on important valuation topics. When you visit our website, you will also find useful Whitepapers and current valuation metrics.
If we can be of any further service to you, please let us know and thank you.
Background
Q: Please list your professional accreditations, degrees, licenses, and certificates granted:A: Master of Science in Real Estate Appraisal.(MSc)
Bachelor of Business Administration in Real Estate.(BBA)
Certified-General Appraiser in California, Idaho, Oregon and Washington, other states by temporary-practice permits.
Q: Please list your affiliations or memberships in any professional and/or industry organizations:
A: MAI, Member, Appraisal Institute
SRA, Senior Residential Appraiser, Appraisal Institute
MRICS, Chartered Valuation Surveyor, Royal Institution of Chartered Surveyors
Q: Please list any teaching or speaking experience you have had, including subject matter:
A: Developer and Instructor for the Appraisal Institute's "Appraising Convenience Stores" seminar, the only nationally accredited course on the appraisal of convenience stores and gas stations.
Developer and Instructor for Royal Dutch Shell's "Global Appraisal and Valuation Workshop".
Author of the Appraisal Institute's text book, "Convenience Stores and Retail Fuel Properties: Essential Appraisal Issues", the most widely-recognized book on the appraisal of convenience stores and gas stations.
Recipient of the Appraisal Institute's George M. Schmutz Award for outstanding manuscript or technical publication.
On-line instructor for the Appraisal Institute's "Appraising Convenience Stores" CE seminar.
Q: For what area(s) of expertise have you been retained as an expert?
A: Convenience stores and gas station properties with regard to real estate and intangible asset value resolution.
Eminent domain cases involving damages for access and visibility degredation as affecting convenience retail properties.
Other types of real estate.
Q: What services do you offer? (E.g.: consulting, testing, reports, site inspections etc.)
A: Under the Uniform Standards of Professional Appraisal Practice (USPAP), state-certified appraisers may act in the role of: A. an independent VALUER, or B. a CONSULTANT that advocates for the client’s interest; but may not act in both roles at the same time. The role must be clearly identified to all parties at time services are engaged.
A. As an Appraiser:
We provide independent, third party opinions of value (appraisals) for real estate, equipment and intangible business value associated with operating and non-operating convenience stores. These are USPAP-compliant appraisal reports admissible as evidence in all courts of law. Our particular expertise in trade area analysis and site assessment for convenience retail concepts makes us effective at identifying alternative uses, when necessary. A state-certified general appraiser license is required in all 50 states for the appraisal of the real estate associated with convenience stores and gas stations. We maintain these certifications.
B. As a Consultant-Advocate:
We provide advice and assistance with case evaluation where we help you identify the strengths and weaknesses of your client’s position in the area of valuation disputes concerning convenience stores and gas stations. We begin by reviewing your summary of the case and any background documents, such as past appraisals, that have already been prepared.
We can assist you coordinating the work of other valuation team members, such as independent real estate appraisers and business appraisers.
Preparing the deposition for expert witnesses involved in valuation disputes concerning gas stations and convenience stores is a very specialized area of valuation expertise. We can assist you preparing effective, probing questions for deposing the opposing witnesses.
We can advise you on pre-trial settlement and arbitration.
WHY YOU SHOULD HIRE US:
Mr. Bainbridge is the author of the only nationally-recognized text book on the appraisal of convenience stores and gas stations. Because of this, we offer uniquely-recognized, unparalleled expertise to your valuation team.
Our initial case review is usually free of charge.
