Appraisal of Medical Office Buildings
Changing trends in medical practice, health insurance, and demographics are fostering changes in the design of and demand for medical office buildings. Designed specifically for commercial appraisers who want to branch out into the specialty of medical office building appraisals, the seminar focuses on the sales comparison and income approaches. You’ll identify the key differences between medical office construction and standard office construction and through historical data, learn about long-term trends and their influence on the market.
Who Should Enroll
AI CE Points
Attend:
75
Course Offerings
| Sponsor | Date | Location | Format | ||
|---|---|---|---|---|---|
| Appraisal Institute | On Demand | Online | View Details | Register |
Course Objectives
- 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.
Course Materials & Recommended Books
State Approvals
| State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Start Date | Expire Date | State Code |
|---|---|---|---|---|---|---|---|---|
| AL | CE | 7 | 7 | Online | 11/14/2024 | 09/30/2026 | C02609 | |
| AR | CE | 7 | 7 | Online | 11/18/2025 | 12/01/2027 | AI001 | |
| AZ | CE | 7 | 7 | Online | 04/06/2023 | 04/06/2029 | 60077 | |
| CA | CE | 7 | 7 | Online | 11/04/2025 | 11/03/2029 | 17CP754601279 | |
| CO | CE | 7 | 7 | Online | 01/20/2023 | 04/06/2026 | 2344 | |
| CT | CE | 7 | 7 | Online | 03/12/2025 | 04/06/2026 | AAL.001382 | |
| DC | CE | 7 | 7 | Online | 02/29/2024 | 02/28/2028 | ||
| DE | CE | 7 | 7 | Online | 04/06/2023 | 04/06/2029 | 60077 | |
| FL | CE | 7 | 7 | Online | 03/19/2023 | 03/18/2027 | 0009969 | |
| GA | CE | 7 | 7 | Online | 04/07/2023 | 04/06/2026 | 68478 | |
| HI | CE | 7 | 7 | Online | 11/07/2023 | 04/06/2026 | 23-409 | |
| IA | CE | 7 | 7 | Online | 02/21/2023 | 04/06/2026 | A518-842 | |
| ID | CE | 7 | 7 | Online | 01/23/2023 | 04/06/2026 | 14747 | |
| IL | CE | 7 | 7 | Online | 01/01/2025 | 12/31/2026 | 575.010176 | |
| IN | CE | 7 | 7 | Online | 04/06/2023 | 04/06/2029 | 60077 | |
| KS | CE | 7 | 7 | Online | 01/01/2026 | 12/31/2026 | C119-16 | |
| KY | CE | 7 | 7 | Online | 05/31/2025 | 06/30/2026 | ||
| LA | CE | 7 | 7 | Online | 02/21/2023 | 04/06/2026 | A0325 | |
| MA | CE | 7 | 7 | Online | 04/07/2023 | 04/06/2026 | 120027 | |
| MD | CE | 7 | 7 | Online | 04/06/2023 | 04/06/2029 | 60077 | |
| ME | CE | 7 | 7 | Online | 04/06/2023 | 04/06/2029 | 60077 | |
| MI | CE | 7 | 7 | Online | 02/21/2023 | 02/20/2026 | 3370 | |
| MN | CE | 7 | 7 | Online | 09/01/2025 | 08/31/2027 | 1023628 | |
| MO | CE | 7 | 7 | Online | 04/07/2023 | 04/06/2026 | ||
| MS | CE | 7 | 7 | Online | 07/27/2025 | 04/06/2026 | MAB #49984 | |
| MT | CE | 7 | 7 | Online | 04/07/2023 | 04/06/2026 | REA-CEC-REC-16700 | |
| NC | CE | 7 | 7 | Online | 01/01/2026 | 12/31/2026 | 4162 | |
| ND | CE | 7 | 7 | Online | 04/06/2023 | 04/06/2029 | 60077 | |
| NE | CE | 7 | 7 | Online | 08/18/2022 | 08/17/2027 | 2172439.02 | |
| NH | CE | 7 | 7 | Online | 02/21/2023 | 04/06/2026 | ||
| NJ | CE | 7 | 7 | Online | 09/17/2025 | 04/06/2026 | 2025-3044 | |
| NM | CE | 7 | 7 | Online | 02/21/2023 | 04/06/2026 | 4239 | |
| NV | CE | 7 | 7 | Online | 10/10/2025 | 10/31/2026 | CE.0009811-A | |
| NY | CE | 7 | 7 | Online | 12/19/2025 | 12/31/2026 | A4739-07 | |
| OH | CE | 7 | 7 | Online | 01/01/2026 | 12/31/2026 | 923600511A 24 | |
| OK | CE | 7 | 7 | Online | 01/26/2023 | 04/06/2026 | 727 | |
| OR | CE | 7 | 7 | Online | 01/23/2023 | 04/06/2026 | APIN-C-0123-8963 | |
| PA | CE | 7 | 7 | Online | 04/07/2023 | 04/06/2026 | ||
| PR | CE | 7 | 7 | Online | 04/06/2023 | 04/06/2029 | 60077 | |
| RI | CE | 7 | 7 | Online | 01/18/2023 | 04/06/2026 | REA.0001966-CE | |
| SC | CE | 7 | 7 | Online | 09/01/2024 | 08/31/2026 | AC . 1646 | |
| SD | CE | 7 | 7 | Online | 08/05/2020 | 07/10/2026 | SD 1590 CE | |
| TN | CE | 7 | 7 | Online | 09/01/2025 | 08/31/2027 | 2060 | |
| TX | CE | 7 | 7 | Online | 06/04/2025 | 04/06/2026 | TX provider #: 10 Course #: 03130-ACE | |
| VA | CE | 7 | 7 | Online | 04/06/2023 | 04/06/2029 | 60077 | |
| VT | CE | 7 | 7 | Online | 03/19/2025 | 03/19/2029 | ||
| WA | CE | 7 | 7 | Online | 01/20/2023 | 04/06/2026 | A3835 | |
| WI | CE | 7 | 7 | Online | 04/06/2023 | 04/06/2029 | 60077 | |
| WV | CE | 7 | 7 | Online | 02/09/2023 | 04/06/2026 | ||
| WY | CE | 7 | 7 | Online | 02/21/2022 | 02/20/2026 | 370 |