Quality starts at the top.  John Simpson MAI, the Managing Director, has written 4 books for the Appraisal Institute (including Valuation of Marinas), the Marina Investment book, 11 articles for the Appraisal Institute’s Appraisal Journal, many articles for various magazines (especially Marina Dock Age & Boat and Motor Dealer), and is a nationally known appraiser.

Books

Valuation of Marinas

We created the mold that others follow.  The Valuation of Marinas book is the only Appraisal Institute published source covering marina valuation; we’ve also had numerous marina articles published (see the links below).  Simply put… we know marinas.

Published by:  The Appraisal Institute; 88 pages (also on Amazon.com)

Description:  The only book published by the Appraisal Institute on marina valuation; in-depth coverage of marina components, what makes marinas different from other property types, applications of all three traditional approaches to value, and a case study.

Description from the Appraisal Institute website:  “Valuation of Marinas provides background information, definitions, a brief investment history and a description of all the factors that affect marinas.  Readers learn about the site differences, building differences and business elements that distinguish marinas from other types of properties.  The author explains highest and best use, the three traditional approaches to value, and special valuation issues that relate to marinas.  For more information, ordering and a further description of the book, click Valuation of Marinas at Amazon.com.”

For chapter outlines and an independent review of the book, click Valuation of Marinas book details.

Property Inspection: An Appraiser’s Guide

Published by:  The Appraisal Institute; 98 pages (also on Amazon.com)

Description:  A guide for beginning and intermediate appraisers detailing the many aspects of inspecting real estate including developing a property inspection system, inspection tools, site inspection, home inspection, and commercial building inspection, all from the appraiser’s point of view.  For more information, ordering and a further description of the Property Inspection book, click Property Inspection at Amazon.com.

Cooperative Apartment Appraisal

Published by:  The Appraisal Institute; 56 pages (also on Amazon.com)

Description:  The only book published by the Appraisal Institute on valuing cooperative apartments covering the history of co-ops, their unique valuation aspects, valuing the individual cooperative unit, valuing the entire cooperative project, fractional interests, and the future of co-ops. For more information, ordering and a further description of the Cooperative Apartment Appraisal book, click Cooperative Apartment Appraisal at Amazon.com.

Appraising Industrial Properties

Published by:  The Appraisal Institute; 461 pages (also on Amazon.com)

Description:  The definitive book on valuing industrial properties by the Appraisal Institute.  John Simpson, MAI was the Contributing Editor who authored the Industrial Land Valuation, High-Tech Industrial Properties, and Case Study chapters; he also co-authored the Industrial Appraisal Assignment, Industrial Site and Improvement Analysis, and Applying the Three Approaches to Value chapters.  For more information, ordering and a further description of Appraising Industrial Properties book, click Appraising Industrial Properties at Amazon.com.

Articles

In addition to the books above, we’ve published a plethora of articles on a wide variety of valuation topics with an emphasis on marina valuation.  Click the links below to view them in PDF format.

Marinas

• Appraising Proposed Marina Dry Stack Storage – Appraisal Journal – July 1998
• The Truth About Marina Consolidation – Marina & Boatyard Today – March/April 2003
• What Makes Yacht Marinas Unique? – Marina & Boatyard Today – January 2003
• Why Are There So Few Marina Sales? – Marina & Boatyard Today – February 2003
• Tax Appeals May Combat the Inflated Property Values of Marinas – Marina Dock Age – January/February 2009
• Marinas Falling in Value – Boat & Motor Dealer – December 2008
• Debt Restructuring – Marina Dock Age – March 2009

Appraisal Journal

• Appraising Proposed Recycling Stations – John Simpson – Appraisal Journal – January 1994
• Cost Modeling – John Simpson – Appraisal Journal – July 1994
• Developing a File Memoranda System – John Simpson – Appraisal Journal – July 1993
• Developing an Appraisal Training System – John Simpson – Appraisal Journal – April 1994
• How to Review a Nursing Home – John Simpson – Appraisal Journal – October 1994
• Limiting an Appraisal Firm’s Liability and Exposure – John Simpson – Appraisal Journal – January 1994
• Management by Objective for Appraisal Firms – John Simpson – Appraisal Journal – July 1993
• Market Research for Recycling Stations – John Simpson – Appraisal Journal – July 1994
• Market Segmentation for Appraisal Firms – John Simpson – Appraisal Journal – October 1992
• Valuing Sponsor Shares in a Cooperative Apartments – John Simpson – Appraisal Journal – July 1993

Cap Rates

• A Guide to Cap Rate Dynamics – Marina & Boatyard Today – July/August 2003
• Cap Rate Follies – Commercial Investment Real Estate Magazine – CCIM Institute – John Simpson –  July August 2003

Others

• A Checklist for Subdivision Analysis Software – Quarterly Byte (Appraisal Institute) – John Simpson – 1994
• Evaluating Appraisals – Commercial Investment Real Estate Magazine – CCIM Institute – John Simpson – September October 2002
• How Valuation Software Could Be Designed to Detect Errors in Cash Flow Analysis – Quarterly Byte (Appraisal Institute) – John Simpson – Fall 1994
• Reviewing Residential Subdivision Appraisals – John Simpson – Appraisal Review Journal – Fall 1993