Marshall D. Estep, MAI, joined Newmark Valuation & Advisory in 2018 and currently serves as a Senior Vice President. Estep is a highly experienced appraiser with 35+ years of experience. Estep began his career in commercial real estate brokerage, leasing, advisory and valuation in 1985 and has been engaged solely in commercial and industrial real estate valuation services since 1990. Prior to joining Newmark, Estep was president of Estep & Company, a commercial real estate appraisal and advisory firm.
Estep has prepared valuations and market analyses across a broad range of property types that include auto and truck dealerships, farm implement and heavy equipment dealerships, truck terminals, marine terminals, industrial flex buildings, bulk storage warehouses, distribution warehouses, high-tech manufacturing properties, conventional manufacturing facilities, heavy manufacturing facilities, entertainment venues, theaters, distilleries, self storage facilities, single and multi-tenant industrial investment assets, churches, schools, golf courses, recreational facilities, agricultural properties, horse farms, equine medical facilities, equine hospitals, racetracks, mixed-use facilities, government facilities, and vacant land.
Over his career, Estep has been focused on producing quality appraisal work in timely manner for mortgage lenders, corporations, non-profits, government entities, charitable foundations, estates, trusts, and private clients. Estep has experience with ARGUS based analyses, regression analysis, market rent studies, feasibility studies, subdivision development analysis, litigation support, and business valuations with and without real estate assets.
Licenses and Designations
- MAI designation, Appraisal Institute
- Certified general real property appraiser, states of Minnesota, Wisconsin, Iowa, North Dakota, South Dakota, and Nebraska
Estep earned his Bachelor of Science degree in Accounting from the College of Business and Economics at the University of Kentucky in 1985, and has completed additional real estate finance, brokerage, and appraisal coursework at the University of Kentucky, the CCIM Institute and the Appraisal Institute. Estep is currently certified by the Appraisal Institute’s voluntary program of continuing education for its designated members.