Does anyone know of any free national discount rate surveys? Currently working on a freestanding auto service facility with a long-term lease in place. I know AI offers the free PwC survey, but this survey only provides rates for regional malls, CBD offices, warehouses, and apartments.
The Premier Online Community for Real Estate Appraisers!
-
Welcome to AppraisersForum.com, the premier online
community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.
Discount Rate Surveys?
- Thread starter chris11
- Start date
-
- Tags
- discount rates survey surveys
- Status
D
Deleted member 152047
Guest
Look on Calkain's website for similar auto service going-in cap rates, add 125bps to 175bps and call it a day. None of the market surveys have auto service discount rates specifically. PwC has triple-net leased surveys and you might be able to find that online somewhere for free.
Lost Cause
Senior Member
- Joined
- Sep 17, 2004
- Professional Status
- Certified General Appraiser
- State
- New York
Try The Boulder Group, but I'm not sure how many credit-rated auto service chains there are.
https://www.bouldergroup.com
https://www.bouldergroup.com
PL1957
Senior Member
- Joined
- Jul 19, 2004
- Professional Status
- Certified General Appraiser
- State
- Illinois
I think I'd probably take a supported OAR and add CR to come up with an estimate of IRR. If you have a flat income stream, the OAR and IRR would be similar.
Michael P Jacobs MAI
Member
- Joined
- Jun 2, 2007
- Professional Status
- Certified General Appraiser
- State
- Florida
Yes, maybe hoping to find a survey for auto maintenance DISCOUNT rates is expecting a little much in terms of availability and credibility. PL1957 is going with the textbook OAR + Avg Change in NOI over the holding period (9 discount periods if 10 years) in case you are wondering.
I suppose that a DCF is either required as an assignment condition OR the cash flow is so variable that it warrants one, rrriiiiggghhht? Otherwise, if this is a NNN Caliber, Tire Kingdom, Firestone, Goodyear (etc etc etc) do market participants in your area (principals, brokers and/or appraisers) actually consider DCFs relevant on them?
Good luck!
- Status