NEW 2018!
When representing a convenience store owner in a condemnation case, what
are the first three questions an attorney should ask?
REQUEST OUR FREE
WHITEPAPER
email Robert Bainbridge: reb@cstorevalue.com
Condemnation Appraisal
2018 appraiser
2018 appraisal
NEW 2016! Robert E. Bainbridge, MAI and J.Casey Pipes, Esq. participated in a panel discussion
on the valuation of convenience stores during the 2016 ALI-CLE Eminent Domain Conference in Austin, Texas. The presentation
emphasized the importance of the highest and best use analysis in convenience store appraisal reports.
Condemnation Appraisal
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2016 ALI-CLE Eminent Domain Conference in Austin |
Robert E. Bainbridge
speaking at the 2016 ALI-CLE Eminent Domain Conference in Austin.
Condemnation
2017 CONDEMNATION APPRAISAL
COMMENTS FROM ATTORNEYS
2017 EMINENT DOMAIN APPRAISAL
“…excellent deposition.”
THOMPSON & KNIGHT
ATTORNEYS AT LAW
DALLAS, TEXAS
“We
just settled the case… thank you for your help. I am going to recommend you to all of the offices in Minnesota.”
DAKOTA COUNTY ATTORNEYS
OFFICE
HASTINGS, MINNESOTA
"You're being a big
help, enabling us to prepare our case properly and, today at the deposition, showing
the State that their case is not properly prepared. Thank you."
BARRON | ADLER
EMINENT DOMAIN LAW FIRM
AUSTIN • HOUSTON
AAA
“We settled the case yesterday. We really appreciate all of
your help on this case.
It was invaluable to us. I look forward to working with you in the future as well. Thanks."
DAWSON, SODD, ELLIS & HODGE LLP
ATTORNEYS AT LAW
AUSTIN AND CORSICANA, TEXAS
“It was like talking
to Moses [in discussing convenience store appraisals]."
"I
will recommend you to our staff.”
OFFICE OF THE ATTORNEY GENERAL
STATE OF TEXAS
TRANSPORTATION DIVISION
AAA
AAA
"Monday
we attended a court ordered mediation... XXX
AAA
We settled the cases.
AAA
"Your reports were very helpful. They allowed us to address…
the reality of market value rather than reproducing traditional
methodology. "
AAA
BEXAR COUNTY APPRAISAL DISTRICT
SAN ANTONIO, TEXAS
AAA
AAA
"...your deposition was very good..."
AAA
BLANE & WILSON
ATTORNEYS AT LAW
CHARLOTTE, NORTH CAROLINA
2018 appraisal
2018 convenience store
NEW 2015! Mr. Bainbridge's article, "Convenience
Stores and TRPs in Condemnation: Special Issues in the Application of the Income Approach",
will appear in the 2015 March-April issue of the American Bar Association's Probate &
Property magazine. This article explores the current
debate concerning the use of the earnings-based income approach in condemnation cases involving convenience stores, gas stations
and other trade related property. Written from an appraiser's perspective, this article advocates the use of earnings-based
procedures for these types of properties.
APPRAISAL
APPRAISAL
Please Click Here to Download the Article
bob bainbridge
bobbainbridge
Appraiser, Subject Matter Expert, or Advocate
What Role is Right for
Your Case?
ATTORNEY AND LITIGATION ADVISORY
aaa
Under the "Uniform
Standards of Professional Appraisal Practice" (USPAP), state-certified appraisers
may act in the role of:
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A. Independent Appraiser
aaa
B. Subject Matter Expert
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C. Consulting Advocate (CHOSEN
BY MOST ATTORNEYS)
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A. As an Appraiser
We provide independent, third party opinions of value (appraisals) for real estate,
equipment and intangible business value associated with operating and non-operating convenience stores. These are USPAP-compliant
appraisal reports admissible as evidence in all courts of law. Our particular expertise in trade area analysis and site assessment
for convenience retail concepts makes us effective at identifying alternative uses, when necessary. A state-certified general
appraiser license is required in all 50 states for the appraisal of the real estate associated with convenience stores and
gas stations. We maintain these certifications.
aaa
B. Subject Matter Expert
In this role we can review the appraisal reports
of both sides and offer testimony as to the appropriateness of the methodology and procedures. We advocate the earnings
capitalization procedure income approach for convenience store appraisals and we are one of the few organizations in the country
that can make persuasive arguments for its inclusion in appraisals of retail convenience real estate. This is an important
issue today in the State of Texas. In this role, we offer our advice on how to strengthen a report or point out weaknesses
for either side and testify in this capacity. In other words, we are not advocating any side in a case, we are advocating
a procedure.
A
C. Consulting Advocate
Our goal is to help you win valuation disputes concerning
convenience stores and gas stations. Most eminent domain appraisers are not specialists in appraising
convenience stores. In this role, we bridge the gap by providing your appraiser with the required knowedge and skills. As
a non-testifying consultant, our work is not subject to discovery. If your appraisal has already been prepared,
we provide advice and assistance with case evaluation and strategy and help you amplify the strengths and minimize the weaknesses
of your client’s appraisal report.
We will also help you identify and exploit the weaknesses in the
opposing appraiser's valuation report.
Preparing the deposition for expert witnesses involved in
valuation disputes concerning gas stations and convenience stores is a very specialized area of valuation expertise. We can
assist you preparing effective, probing questions for deposing the opposing appraiser. Many times, cases are settled
at this point after the depositions of the appraisers becasue the opposing side realizes that they are not prepared.
We can work with your other valuation team members, such
as independent real estate appraisers and business appraisers to produce strong, technically correct valuations of convenience
stores, gas stations and travel centers.
We can advise you on pre-trial settlement and arbitration.
A
Past Eminent Domain Conferences
AAA
NEW 2014! Robert E. Bainbridge, MAI will be presenting
at the 2014 CLE Eminent Domain conference in Dallas to be held October 6th through October 7th.
His topic will be “Convenience Stores and Trade-Related Property: Special Valuation Issues
in the Application of the Income Approach”, exploring the current debate and appraiser’s perspective on
the utilization of market rent versus earnings-based capitalization procedures in the appraisal of convenience stores and
other trade-related real estate, such as fast-food restaurants, car washes, motels and travel centers. Mr. Bainbridge
is the author of the Appraisal Institute’s text, Convenience Stores and Retail Fuel Properties: Essential
Appraisal Issues.
AAA Valuation and Technical Expert Support AAA AAA AAA AAA
Mr. Bainbridge was a Featured Speaker at the 12th Annual
2013 CLE Eminent Domain SuperConference in Austin, Texas. His topic was “How to Correctly Appraise Convenience Stores in Condemnation”. The unique nature
of convenience store and gas station appraisals was explained, along with a discussion of the strengths and weakness of the
three valuation approaches applied to these types of properties. Special location considerations for convenience retail real
estate were explored along with examples of valuation resources available to appraisers. XXX XXX COMMENTS FROM ATTORNEYS XXX “ I would like more time with Bainbridge… This is a huge new area, and he needed at least an hour if not two.” AAA “Very informative.” AAAAA AAAAA
Mr. Bainbridge was
a featured speaker at the American Law Institute | American Bar Association 2010 "Eminent Domain and Land Value Litigation
Conference". The topic was entitled, "When Access and Use are Inextricably Tied: The Case for Greater Compensation for Convenience Outlets
That Suffer Access Impairment". This presentation was rated 94% out of 100 by the attending Eminent
Domain Attorneys and conference participants. Please click the link below to download a PDF file of the presentation
material.
Please Click Here to Download the ALI | ABA Presentation and Related Readings
XXX XXX
XXX XXX XXX Valuation and Technical Expert Support
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We wrote the standard textbook
on the appraisal and valuation of
convenience stores and gas stations. APPRAISAL
"Convenience
Stores and Retail Fuel Properties: Essential Appraisal Issues" Chapter 5, "Eminent Domain Essentials" is one of the most complete presentations of eminent domain issues affecting convenience
retail real estate ever published. We
provide expert witness and consulting services to attorneys across the United States. APPRAISAL Learn
more and order your copy by going to the "OUR BOOK" page.
Please Click Here To Go To The "OUR BOOK" Page.
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AAA AAA The
primary focus of our practice is the appraisal of tangible and intangible assets of single and multi-site convenience stores
and petroleum marketing properties.
We offer you our expertise in: AAA · Asset Allocation · Business Valuation · Feasibility · Real Property Valuation · Sale/Leaseback Disputes ·
Eminent
Domain ·
Takings
and Damages ·
Partnership
Disputes ·
and
Forensic Accounting and Valuation
AAA AAA PUBLISHED EMINENT DOMAIN
ARTICLES AAA “Retail
Gas Properties and the Economics of Access” was published in the January/February 2010 edition of Right-of-Way
magazine. This article is an introduction to the severe economic impact of access degradation to convenience
retail real estate. AAA
Please Click Here to Download Article
AAA AAA “When
the Government Takes Your Property” was published in the October 2011 edition of Convenience Store News
magazine and Single Store Owner magazine. This article argues that awards of just compensation should reflect
the fact that convenience retail property suffers more than other types of real estate from access degradation. AAA
Please Click Here to Download Article
APPRAISAL APPRASIAL
LITIGATION APPRAISAL REPORT REVIEW:
WHY YOU SHOULD HIRE US: AAA The "A-Team" C-Store Valuations offers you the most powerful, knowledgeable and experienced valuation litigation
team in the convenience retail industry. Our unique and diverse background draws on corporate real estate experience with
major oil companies, acquisition and right-of-way experience with transportation departments, and the world’s most-published
author of books and articles on the valuation of convenience stores and gas stations. AAA Put the "A-Team" to work for you. AAA Steve Crooks Steve has been declared an expert
witness in 27 U.S. jurisdictions in regard to roadway expansions and impact to gasoline and convenience store businesses.
He has testified on behalf of private property owners in eminent domain trials for impact of loss of land, access and business
operations. Steve joined Mobil Oil Corporation in 1973 with
corporate responsibilities in retail marketing, site selection, site management of corporate owned convenient stores and gasoline
facilities, gasoline and convenient store distributor business advisor. AAA Steve joined BP Oil Company in
1989, supervising all BP corporate owned Washington State gasoline and convenience store locations. At the corporate
headquarters in Cleveland, Ohio, Steve assumed duties in the Real Estate division for case management of all on-going and
potential eminent domain cases for retail and terminal properties. When BP acquired Amoco sites in the mid-west and
Arco on the west coast, Steve assumed management for entire portfolio of condemnation cases both on-going and potential takings
throughout the U.S. Case load was approximately 250 cases. AAA Steve is currently under contract with ExxonMobil for cases in New York, BP on the West Coast and independent
Chevron and Shell dealers in the greater Seattle area. AAA
Paul Sander Paul recently retired from the Michigan Department
of Transportation (MDOT) with a career spanning over 35 years. Paul was involved in construction, planning, traffic and safety.
Paul was a technical supervisor and the Appraisal Section Manager in the Metro Region Real Estate Division. Paul was
responsible for right-of-way estimates, right of way/access conflicts and other mitigation on all state highway projects in
the Metropolitan Detroit area. AAA Paul was also the Secretary for Chapter 7 and is a certified Senior Member of the International
Right of Way Association (IRWA). AAA
Robert E. Bainbridge Bob is an MAI appraiser and the author of
the Appraisal Institute’s textbook, Convenience Stores and Retail Properties Essential Appraisal Issues,
the standard industry textbook on the valuation of convenience stores and retail fuel properties. He has also authored valuation-related books for Royal Dutch Shell
(Shell Downstream) and the Appraisal Institute’s, “Appraising Convenience Stores” seminar. Bob's
articles on the appraisal of convenience stores and gas stations have appeared in The Appraisal Journal, Valuation
magazine and Right-of-Way magazine. He writes a column on real estate-related issues for Convenience Store
News magazine, the convenience industry’s largest-circulation trade magazine. Published works are recongnized
by the courts as the qualifications of an expert. In private practice for over 30 years as a fee appraiser, Bob has
completed valuations on a wide variety of property types, including hundreds of convenience stores and gas stations. AAA Bob frequently consults and advises attorneys concerning the disputed area of the allocation
of intangible asset earnings for gas stations and convenience stores. AAA
Repository and Library C-Store
Valuations maintains the world’s largest repository of articles, reference works and publications on topics covering
the appraisal and valuation of convenience stores and retail fuel properties. This material is cross-referenced and
indexed for specific subject matter related to all aspects of appraisal and case law, including eminent domain, intangible
asset earnings allocation and valuation of the real property. These sources provide efficient industry-recognized
documentation for issues, questions and positions regarding the appraisal of convenience stores and gas stations. AAA Computerized Data
Bank Our computerized data bank of over 300 questions for
deposing and cross-examining expert witnesses in the appraisal and valuation of convenience stores and retail fuel properties
is an on-going collection of knowledge and insight into successful convenience store property litigation. These in-depth
questions cover industry standards, trade area analysis, the cost, sales comparison and capitalized income approaches.
Each new case benefits from this accumulated storehouse of experience from all previous cases. aaa Sales and Operating Data Hundreds files are maintained on the sales and operations
of convenience stores and retail fuel properties across the United States, especially unusual and difficult-to-value properties.
This resource is continuously updated from a variety of sources. aaa aaa aaa
Let's Get Started
You
may use the form below to quickly provide background information to us. Please be as complete as possible. You
may click the SUBMIT BUTTON below to send the information electronically, or print and fax the form to (541) 823-0029.
You will receive a quick response.
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Our initial case review
is usually free of charge.
Please Click Here to Download the Litigation Brochure