Lake Cushman Lease Appraisal Services

The City of Tacoma is seeking a Washington-licensed appraiser to determine the market value and rental value of the Lake Cushman lease area, including valuation scenarios for a potential lease extension.

City of Tacoma > Procurement and Payables Division > Tacoma Power > Generation > Real Property Services


General
Open
PG26-0189F
Nov 17, 2026 07:00 PM
Oct 21, 2026 12:00 PM
1 year
Request for Proposal (RFP)
Local
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Original Solicitation Links
Contact
rfoster1@tacoma.gov
Submission Instructions
Email

or

In-person delivery to the lobby security desk
Description

The City seeks a qualified Washington state-licensed real estate appraiser with at least five years of appraisal experience to prepare an appraisal report estimating the current fair market value and annual market rent for the leased property, as well as net present values for the current lease term and a potential 14-year extension. The report must evaluate three scenarios, including the existing property configuration and hypothetical undeveloped-land conditions, and comply with USPAP, Appraisal Institute standards, and applicable state regulations. Personal inspection is required; the report must include an executive summary and supporting market data, and comparable transactions must be confirmed directly by the appraiser or identified appraisal team members. A presentation may be requested. The contract term is one year. Proposals are evaluated on firm and personnel qualifications, scope approach, similar projects, client references, fees and rates, sustainability, and equity-in-contracting information. The proposal is limited to 20 total pages, excluding required forms and resumes, and must use 8.5-by-11-inch pages, at least 11-point Times New Roman or Arial, and margins of at least 0.75 inches.

Classification Codes
NAICS531320Offices of Real Estate Appraisers
PSCR411Real Property Appraisals Services (SIC 6531)
Smart Codes
real estate appraisallease valuationmarket rent analysis
Specifications
Service Only
Timeline
Oct 29, 2026 12:00 AM-Questions Due
Nov 1, 2026-Proposal Evaluation
Nov 2, 2026-Responses to Questions
Nov 17, 2026 07:00 PM-Proposal Submission Deadline
Dec 1, 2026-Interviews/Presentations (anticipated)
Jan 1, 2027-Award Recommendation (anticipated)
Requirements
Required
  • Commercial General Liability — $1,000,000.00
  • Aircraft General Liability — $10,000,000.00
  • Commercial Automobile Liability — $1,000,000.00
  • Workers' Compensation
  • Employers' Liability — $1,000,000.00
  • Professional Liability or Errors and Omissions — $1,000,000.00
Scored
  • Minimum 3 references
  • Within the last 5 years
  • Client point of contact required for each reference
Documents
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