Real Estate Appraisal Services

The State of Ohio, specifically the Department of Administrative Services in conjunction with Central State University, is seeking professional real estate appraisal services for two adjacent parcels located along US 42 at Stevenson Road in Xenia, Greene County. The procurement involves a comprehensive market value assessment of approximately 257.82 acres (Parcel Numbers M36-0002-0029-0-0017-00 and M36-0002-0029-0-0018-00), with the primary objective of evaluating the property's potential sale. The selected appraiser must be an Ohio Certified General Real Estate Appraiser with a current MAI professional designation and must personally conduct a physical onsite inspection of the property. Deliverables include a summary report in PDF format, featuring color photographs and exhibits, which must comply with Uniform Standards of Professional Appraisal Practice (USPAP) Standard 2-2(a). The appraisal must utilize the sales comparison approach with verified comparable sales data, potentially incorporating cost and income approaches, and must provide market value conclusions for each individual tract along with an aggregate per-acre value. The report is due to the Department of Administrative Services Office of Real Estate and Planning (located at 4200 Surface Road, Columbus, Ohio 43228) no later than 30 days from full execution of the Request for Quote, with the submission deadline for responses set for January 14, 2026.

While no specific set-aside designations or restrictions on responding organizations were explicitly detailed in the provided documentation, the appraisal requires stringent professional qualifications. The appraiser must maintain all credentials and designations in good standing through the expected report delivery date and for one year thereafter, with the understanding that the appraisal is subject to review and approval by the Department of Administrative Services, Office of Real Estate and Planning. The professional must be prepared to provide any requested revisions, corrections, addenda, or additional substantiation in a timely manner. Any special or creative financing, sales concessions, and potential hypothetical conditions must be thoroughly documented and justified with market data. Although no specific budget range was provided, the comprehensive nature of the required appraisal suggests a professional-level engagement that would demand significant expertise and detailed analytical work. The accompanying "Aerial and Auditor Information.pdf" provides supplementary documentation including aerial photography and Greene County Auditor data to support the appraisal process.