137-100.05 - Nonresidential Experience Hours

137-100.05. Nonresidential Experience Hours

The following hours may be awarded by the Board concerning property types when evaluating nonresidential appraisal experience:

Type of Appraisal

Hours Assigned

A. Vacant Land:

20

(Undeveloped nonresidential tracts, residential multifamily sites, commercial sites, industrial sites, lands in transition, etc.)

B. Rural/Agricultural:

  

(51 to 250 acres)

20

(more than 250 acres)

32

C. Residential Multi-Family (5-12 units):

40

(apartments, condominiums, townhouses, mobile home parks, etc.)

  

D. Residential Multi-Family (13 units or more):

56

(Apartments, condominiums, townhouses, mobile home parks, etc.)

  

E. Commercial Single-Tenant:

40

(Office building, retail store, restaurant, service station, bank, day-care center, etc.)

  

F. Commercial Multi-Tenant:

64

(Office building, shopping center, hotel/motel, etc.)

  

G. Industrial:

  

(Warehouse, manufacturing plant, etc.)

  

Under 20,000 square feet

40

20,000 square feet or more

72

H. Institutional:

72

(Nursing home, hospital, school, church, government building, etc.)

  

I. Specialized or more complex properties

Hours to be determined by Board upon submission.

(Added by State Register Volume 19, Issue No. 6, eff June 23, 1995. Amended by State Register Volume 25, Issue No. 5, Part 2, eff May 25, 2001; State Register Volume 38, Issue No. 6, eff June 27, 2014; State Register Volume 42, Issue No. 05, eff. May 25, 2018.)

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