Commercial Real Estate Appraisal


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Information about Peter Oddy...

Peter G. Oddy, MAI, is the managing member of ODDY & ASSOCIATES, PLLC.  He has lived in Kirkland, Washington since 1994 and operated ODDY & ASSOCIATES since 1990, appraising and consulting on a wide range of commercial real estate properties.

Since 1990, Mr. Oddy and the appraisal company have appraised a wide range of commercial properties, such as offices, retail buildings, industrial structures and special-use properties.  These assignments have been completed for a variety of public entities, private companies, individuals and advisors such as accountants or attorneys.

Mr. Oddy has appraised numerous types of interest for clients over the years, such as:

-fee simple interest (the value of property when not leased to tenants);

-leased fee interest (the value of property to an investor when leased with tenants);

-leasehold interest (the value of a tenant's position in a property as a result of its lease); and

-miscellaneous interests, such as easements.

It the first 12 years of his career, from 1978 to 1990, Mr. Oddy participated in the development of retail and office properties in Alberta and British Columbia, Canada, and Colorado Springs, Colorado; Thousand Oaks, California; and Oxnard California.

Two of the more noteworthy of these development projects are "The Presidio" in Colorado Springs, Colorado and the "North Coast Executive Center" in Oxnard, California.  Both are mid-sized office buildings with spectacular curva-lineal architecture

It is difficult to advise others unless you have actively participated in the market as Mr. Oddy has done.  His experience in all facets of real estate development provides a unique basis for professional valuation of complex commercial real estate issues.  Mr. Oddy's experience in development includes land acquisition, permitting, financing, feasibility, valuation, sales, and leasing, and management of architects, engineers and contractors.

Mr. Oddy is a Certified General Real Estate Appraiser in the State of Washington and has a five-year degree in Business Administration from the University of British Columbia, with specialization in Finance and Urban Land Economics.

Since February of 1994, Mr. Oddy has been an MAI designated member of the Appraisal Institute.  The Appraisal Institute is the world's leading organization of professional real estate appraisers.  The Appraisal Institute's MAI membership designation is conferred on individuals who have met stringent education requirements and appraisal experience.

"The Appraisal Institute is an international association of professional real estate appraisers, with more than 21,000 members and 99 chapters throughout the United States, Canada and abroad.  Its mission is to support and advance its members as the choice for real estate solutions and uphold professional credentials, standards of professional practice and ethics consistent with the public good."  (Quoted from the Appraisal Institute webpage at: www.AppraisalInstitute.org.)