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Real Estate Appraisal Services (Lake Cushman Lease)

Active
State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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This subcontract for Real Estate Appraisal Services involves performing professional valuations for prime contractors on City of Tacoma Power/Generation projects. The scope of work focuses on the Lake Cushman Lease, requiring the valuation of 2,400 acres comprising residential lots and common areas. The selected provider will utilize highest and best use analysis to estimate net present value and annual market rent, culminating in a final written appraisal report and a formal presentation of the results. To qualify for this engagement, the contractor must hold a valid Washington state license, possess at least five years of professional experience, and maintain strict compliance with USPAP standards. Interested parties should note the response deadline of November 17, 2026, for this project categorized under NAICS code 531390.

General Info

Real estate appraisal for Lake Cushman lease; Washington license required by November 17, 2026.

Place of Performance

Not specified

Set-Aside

NONE

Documents

This scope was carved out of PG26-0189F.

The full solicitation package (1 document), including the RFP, is on the prime solicitation, not on this scope.

View the prime solicitation

Lake Cushman Lease Appraisal Services

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Organization & Contact Information

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AgencyWashington → Generation
ContactsNo contacts available
OfficeN/A
Organization / AgencyWashington → Generation
Office AddressN/A
ContactsNo contact information available

Full Description

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Performs professional real estate appraisal for prime contractors on City of Tacoma Power/Generation projects. Conducts valuation of 2,400 acres including residential lots and common areas to estimate annual market rent and net present value using highest and best use analysis. Requires Washington state licensure, 5 years experience, and USPAP compliance. Delivers a final written appraisal report and results presentation.

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Same NAICS industry code

NAICS: 531390
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POSTED

9 days ago

DEADLINE

in about 1 month
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More opportunities from Washington → Generation

Same awarding agency

New
SLED
Lake Cushman Lease Appraisal Services
Solicitation # PG26-0189F
The City of Tacoma is soliciting proposals for professional appraisal services under solicitation number PG26-0189F to determine the current market value and market rental rate for a lease extension involving the Lake Cushman Company. The project involves approximately 2,400 acres in Mason County, Washington, consisting of roughly 3,089 residential lots and 600 acres of common areas, though the valuation of leasehold improvements is specifically excluded. The selected contractor must be a Washington state-licensed real estate appraiser with at least five years of experience and must adhere to USPAP, the Appraisal Institute Code of Professional Ethics, and applicable state regulations. Deliverables include a draft report for client review and a final written appraisal report providing estimates of annual market rent and net present value, with a final completion date anticipated by February 28, 2027. The contract is for a one-year period and requires the contractor to maintain commercial general liability insurance with minimum limits of $1,000,000 per occurrence and $2,000,000 annual aggregate. Award selection will be based on a 100-point scale evaluating firm qualifications, scope specifics, project examples, references, fees, sustainability, and equity in contracting. Contractors must comply with Washington state prevailing wage laws under chapter 39.12 RCW and provide paid sick leave in accordance with state law. Payment is processed through the City's ordinary payment system, typically within 30 days of invoice receipt. Submittals are due by November 17, 2026, and must adhere to strict formatting and page limit requirements to be considered for evaluation.

POSTED

1 day ago

DEADLINE

in 26 days
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