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SIMPSON & ASSOCIATES

Real Property Appraisers and Consultants

We are experienced professionals that understand the importance of ethical and timely appraisal services. 

Many of us hold an Appraisal Institute Designation and exceed State licensing requirements for continuing education. 

 

Every client has unique valuation needs.
From simple to complex, we are committed to providing exceptional appraisal services in a timely manner.

Rapid City, South Dakota

Rapid City, South Dakota

APPRAISAL SERVICES

Including, but not limited to

Absorption Studies 
Acquisition, Disposition 
Appraisal 
Appraisal Review 
Consulting 
Demand Analysis 
Detrimental Conditions Valuation and Consulting 
Development Valuation and Consultation 
Easement Analysis 
Eminent Domain Valuation and Consulting 
Estate Settlement
Foreclosure / REO 
Highest and Best Use Studies 
Land Use Studies and Planning 
Litigation / Litigation Support 
Mortgage Lending Consulting 
Real Estate Tax Valuation and Consulting 
Retrospective Valuation 
Site Location Analysis and Consulting 
Valuation and Consultation for Financial Reporting

 
 

PROPERTY TYPES

Commercial Property

Assisted Living / Nursing Home 

Automobile Dealership 

Bed and Breakfast 

Branch Bank / Financial Building 

Convenience Store / Service Station 

Hospital / Surgical Center

Hotel / Resort / Motel

Medical Facility / Clinic 

Office Building (High and Low Rise) 

Restaurant / Bar / Night Club / Micro Brewery 

Retail (Single Tenant or Free Standing) 

Self Storage 

Shopping Center (Local, Strip)

Industrial Property

Industrial (Heavy and Light Manufacturing, Distribution) 

Research and Development Lab

Hotel Alex Johnson

Downtown Rapid City, South Dakota

Hotel Alex Johnson

Badlands KOA Campground

Badlands KOA Campground

Land and Subdivision Property

Acreage / Subdivision 

(Agricultural,Commercial, Industrial, Mixed-Use, and Residential)

 

Recreational Property

Amusement / Water / Theme Park 

Campground 

Golf Course 

Recreational Vehicle Park

Residential Property

High-End Residential 

Mobile Home Park 

Multi-Unit (Apartments, Condos, and Townhouses) 

Unique Property

Special-Purpose Property

Car Wash 

Conservation Easement

Historical Property

Lumber Yard

Mixed Use 

Natural Resources

Outdoor Sign 

Private Educational Institution

Right-of Way / Corridor Valuation 

Tower (Antenna)

Winery

Casino, Casino and Hotel

Star Academy

Custer, South Dakota

Star Academy
 

APPRAISERS

GENAE W. SUNDBY, MAI, R/W-AC

Associate Appraiser

Appraisal Practice

  • State certified general appraiser in South Dakota

Appraisal Institute Designation 

  • MAI Member

Appraisal Institute Service

  • Nominating Committee Member, Wyoming & Western SD Chapter | 2018-2019

Appraisal Institute Professional Development Program

  • Valuation of the Components of a Business Enterprise

Formal Education

Palmer College of Chiropractic, Davenport, Iowa

  • D.C.

California State University, San Bernardino, California

  • B.S. Biology

 

Industry Related Experience

  • Owner/Manager/Developer of Residential and Commercial Investment Property

Other Professional Organizations

  • Member of Professional Appraisers Association of South Dakota 

  • R/W-AC Designated Member of International Right of Way Association 

LINDSEY M. WILLIS, MAI, AI-GRS

Associate Appraiser

Appraisal Practice

  • State certified general appraiser in Wyoming and South Dakota 

Appraisal Institute Designations 

  • MAI Member

  • AI-GRS Member

Appraisal Institute Service

  • Incoming President, Wyoming & Western SD Chapter | 2020

  • Vice President, Wyoming & Western SD Chapter | 2019

  • Education Chair, Wyoming & Western SD Chapter | 2016 – present

  • Finance Committee Member, Wyoming & Western SD Chapter | 2015 – present

  • Board of Director Member, Wyoming & Western SD Chapter | 2015 – present

  • Selected Attendee, Leadership Development and Advisory Council | 2018, 2019

  • Associate Member Chair, Wyoming & Western SD Chapter | 2011 – 2012

Appraisal Institute Professional Development Program

  • Litigation

 

Formal Education

University of Wyoming, Laramie, Wyoming

  • B.S. Kinesiology and Health Promotion

  • Minor: Business

 

Other Professional Organizations

  • Member of Professional Appraisers Association of South Dakota 

RICK MARCH

Associate Appraiser

Appraisal Practice

  • State certified general appraiser in South Dakota

  • Specialty areas include conservation easements, gravel and limestone resources, rural and agricultural land, and subdivision analysis

Formal Education

University of Montana, Missoula, Montana

  • B.S. Natural Resources Conservation

 

Industry Related Experience

  • District Conservationist and Water Quality Specialist with the United States Department of Agriculture Soil Conservation Service

  • Land Management Consultant

Other Professional Organizations

  • Member of Professional Appraisers Association of South Dakota 

 

Specialty Certification

  • FAA Unmanned Aircraft  System (107) Certification (Drone Pilot) 

LORI MARKS

Office Manager/Administrative Assistant since 1991

KEN E. SIMPSON, MAI, SRA, R/W-AC

Owner and Founder

Appraisal Practice

  • State certified general appraiser in South Dakota and Wyoming

 

Appraisal Institute Designations 

  • MAI Member

  • SRA Member

 

Appraisal Institute Service

  • Region II Chair, National Board of Directors | 2019 – 2022

  • Region II Third Regional Director, National Board of Directors | 2018

  • Nominating Committee Chair, Wyoming & Western SD Chapter | 2017 – 2018

  • Region II National Nominating Committee Member | 2016

  • President, Wyoming & Western SD Chapter | 2014 – 2016

  • Finance Committee Member, Wyoming Chapter | 2013

  • Nominating Committee Member, Wyoming Chapter | 2012 – 2013

  • Government Relations Committee Member, Wyoming Chapter | 2012 – 2013

  • Nominating Committee Chair, Wyoming and Western SD Chapter | 2011

  • President, Wyoming Chapter | 2006 – 2007

  • Regional Representative, Wyoming Chapter | 2006 – 2007

  • Education Chair, Wyoming Chapter | 2004 – 2005

  • Vice President, Wyoming Chapter | 2004 – 2005

  • Residential Demonstration Reports Subcommittee Member | 1999 – 2003

  • Residential Appraiser Board Demonstration Reports Subcommittee Member | 1988 – 1998

 

Appraisal Institute Professional Developmental Programs

  • Conservation Easement

  • Litigation 

  • Valuation of the Components of a Business Enterprise

 

Industry Related Experience

  • Successful completion of the Appraisal Foundation Appraiser Regulatory Agency Investigator Training Levels 1, 2 and 3

  • Examiner/Consultant to the South Dakota Department of Labor and Regulation Appraiser Certification Program for appraiser licensing, upgrade and complaint cases, 1991-2018

Other Professional Organizations

  • Member of Professional Appraisers Association of South Dakota (PAASD)

  • R/W-AC Designated Member of International Right of Way Association (IRWA)

Qualified Expert Witness

  • Several years of experience as an expert witness for appraisal matters in circuit and federal courts

 

CONTACT US

P.O. Box 9248

Rapid City, South Dakota 57709

605-341-3800

©2019 SIMPSON & ASSOCIATES, INC.