Bruce E. Jones, MAI, ASA-GC, BCA, CMEA, Special Purpose Realty Valuation
1035 Hooper Ave, Suite 2C Toms River, NJ 08753
(732) 374-9064
Primary Area of Expertise
Real Estate Appraisal
Expert Witness Profile
MAI real estate appraiser with over 37 years of experience. Experienced expert witness. Expert in the valuation of special purpose real estate.
Special Purpose real estate is an important valuation specialty. Examples include:
Restaurants; Banquet Halls; Hotels; Marinas; Funeral Homes; Vineyards; Car Dealerships; Golf Courses; Amusement Parks; Health Clubs; Car Washes; Gas Stations; Racetracks; Sports Facilities; Power Plants; Movie Theaters; Golf Courses; Specialty Manufacturing Plants; Daycare Centers; Kennels/Pet Resorts; Schools/Charter Schools
These properties are designed and built for specific business functions and often do not lend themselves to conversion to alternate uses. And the value of real estate is dependent on the health of the business to which it is associated.
The value of the real estate, as well as the value of the business enterprise and all tangible personal property are effectively intertwined and interdependent. Thus, the valuation of both the business and the real estate requires an inter-disciplinary, as opposed to even a multi-disciplinary approach in which real estate and business appraisers work independently to value each component.
It is the revenues from the business that will pay the mortgage and maintain the property; however, the real estate value must be analyzed carefully apart from the business.
In addition to my 37 years of real estate experience, I have 10 years experience as a business appraiser and machinery/equipment appraiser. The valuation of special purpose real estate is the focus of my practice. And I am the instructor for the courses offered by the American Society of Appraisers that teach appraisers from around the country how to appraise these property types.
Common assignments include
• Complex real estate cases
• RE damages
• Ad Valorem Tax cases
• Estate Valuations, (incl. partial interests)
• Market Rent studies
• Feasibility Studies
Special Purpose real estate is an important valuation specialty. Examples include:
Restaurants; Banquet Halls; Hotels; Marinas; Funeral Homes; Vineyards; Car Dealerships; Golf Courses; Amusement Parks; Health Clubs; Car Washes; Gas Stations; Racetracks; Sports Facilities; Power Plants; Movie Theaters; Golf Courses; Specialty Manufacturing Plants; Daycare Centers; Kennels/Pet Resorts; Schools/Charter Schools
These properties are designed and built for specific business functions and often do not lend themselves to conversion to alternate uses. And the value of real estate is dependent on the health of the business to which it is associated.
The value of the real estate, as well as the value of the business enterprise and all tangible personal property are effectively intertwined and interdependent. Thus, the valuation of both the business and the real estate requires an inter-disciplinary, as opposed to even a multi-disciplinary approach in which real estate and business appraisers work independently to value each component.
It is the revenues from the business that will pay the mortgage and maintain the property; however, the real estate value must be analyzed carefully apart from the business.
In addition to my 37 years of real estate experience, I have 10 years experience as a business appraiser and machinery/equipment appraiser. The valuation of special purpose real estate is the focus of my practice. And I am the instructor for the courses offered by the American Society of Appraisers that teach appraisers from around the country how to appraise these property types.
Common assignments include
• Complex real estate cases
• RE damages
• Ad Valorem Tax cases
• Estate Valuations, (incl. partial interests)
• Market Rent studies
• Feasibility Studies
Education & Licenses
MAI, ASA-GC, BCA, CMEA, Certified General Real Estate Appraiser, Licensed NJ Real Estate Broker
This Expert's Other Areas of Expertise
Over 15,000 listings of expert witnesses, investigators, process servers, court reporters, consultants and litigation support professionals from every region of the United States.
