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 federal real estate appraisal services to the Department of the Interior as a prime contractor under total small business set-asides. The vendor operates exclusively under NAICS 531320 (Offices of Real Estate Appraisers) and PSC code V202, with no presence on IDVs, GWACs, BPAs, or other parent vehicles, and carries no subcontractor footprint.

All six of the vendor's recent federal awards derive from a single customer: the Department of the Interior's Office of Policy Management and Budget, which funds appraisal work on federal land parcels, wildlife refuge properties, and federal acquisitions. The vendor's customer concentration is absolute — 100% of awards and 100% of combined potential value stem from OPMB. Awards range from $16.5 thousand to $53 thousand per order, typically firm fixed-price purchase orders with performance periods of 120 to 251 calendar days. Representative work includes a $53 thousand appraisal of a 9.48-acre former religious compound in Jemez Springs, New Mexico (Servants of the Paraclete property, awarded December 2023); a $25 thousand appraisal of Tract 14 within the Rio Mora National Wildlife Refuge in Mora County, New Mexico (awarded January 2024); and a $16.5 thousand appraisal of two federal land parcels (Crestline Parcel A and B, totaling 1,760 gross acres) in Lincoln County, Nevada, scheduled for disposal via Federal Land Policy and Management Act auction (awarded May 2026). Appraisals consistently conform to the Uniform Standards of Professional Appraisal Practice and Uniform Appraisal Standards for Federal Land Acquisitions.

Activity shows modest growth from one award in 2023 to three in 2024, with two awards in the first half of 2026. All six awards are obligated at full potential value ($160 thousand combined). Two awards face ultimate completion within the next twenty-four months, carrying combined potential value of $38 thousand and therefore representing near-term recompete exposure. The vendor does not compete on full-and-open solicitations; all awards are reserved for small businesses. Inqoba-1, PC maintains no federal IDV seats, no GWAC or BPA positions, and no subcontract relationships — the company operates as a direct, transaction-based service provider to OPMB for land appraisal work.

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.