Inqoba-1, PC

Inqoba-1, PC, doing business as ML Reed Valuation, is a small business Subchapter S corporation based in Salt Lake City, Utah, that provides real estate appraisal services to the federal government exclusively as a prime contractor under small business set-asides. The vendor operates under NAICS 531320 (Offices of Real Estate Appraisers) and PSC V202 (Support—Professional: Real Property Appraisals), delivering appraisals for federal land acquisitions, property disposals, and wildlife refuge tract evaluations in compliance with the Uniform Standards of Professional Appraisal Practice and Uniform Appraisal Standards for Federal Land Acquisitions.

All five awards in the source portfolio came from the Department of the Interior's Office of Policy Management and Budget under total small business set-asides, representing $139 thousand in combined potential value with full obligated funding across all awards. The vendor has no subcontract footprint and no presence on federal IDVs, GWACs, or BPAs. Representative work includes a $53 thousand firm-fixed-price appraisal of a 9.48-acre former religious compound in Jemez Springs, New Mexico (Servants of the Paraclete property, awarded December 7, 2023, completed October 21, 2024); a $25 thousand appraisal of Tract 14 within Rio Mora National Wildlife Refuge in Mora County, New Mexico (awarded January 12, 2024, completed July 24, 2024); and a $16.5 thousand appraisal of two federal land parcels in Lincoln County, Nevada (Crestline Parcels A and B, 840 and 920 gross acres respectively, awarded May 26, 2026, completion scheduled December 21, 2026). Activity has grown modestly — one award in 2023, three in 2024, one in 2026 — with one award ($17 thousand) reaching completion in the next twenty-four months and facing potential recompete. Customer concentration is absolute: 100% of awards and 100% of combined potential value derive from the single Interior Department office, with no secondary customers across the portfolio.

Mark L. Reed is a Certified General Appraiser in Utah, Idaho and New Mexico and holds the MAI designation from the Appraisal Institute. He first began appraising in 2004 and holds an MBA degree and a B.A. degree from Brigham Young University. His experience covers all real estate markets including land, ranches, residential and commercial properties. His primary focus is complex assignments and impaired real estate. His work often supports expert testimony and decisions made in eminent domain and condemnation proceedings, property tax disputes, real estate damages including fire-burned property, bankruptcy, estate planning matters, and cases involving breach of contract, among other things. His list of clients includes individuals, city, county, state, and federal government, financial institutions and mortgage companies, professional firms, and public and private corporations.

He has performed a number of Yellow Book (UASFLA federal) appraisals over the past four years.