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408-255-6840 ext. 310; Fax 408-255-1788
Email fschmidt@valuationconsultant.net

Mr. Schmidt has been appraising proposed and existing real estate since 1975. He is an experienced expert witness in United States District Court, Santa Clara County Superior Court, the Public Utility Commission of the State of California, and the American Arbitration Association.

His experience includes real estate development, institutional grade TIC investments, valuation opinions in real property dispute arbitration and mediation, tax appeals, standard of care testimony, inverse condemnation, and appraisal assignments for attorneys, lenders, accountants, corporations, municipalities, litigation support, and individuals for estate planning, diminution in value, construction defects, bankruptcy court, vacant and improved land lease renewals, mortgage lending, gifting, taxation, purchase, and sale.

Past work includes fee simple, leased fee, easement, air rights, and partial interest appraisals for improved properties and/or land for asphalt batch plants, mobile home parks, movie theaters, dormitories, sororities, funeral homes, self-storage facilities, skilled nursing facilities, auto dealerships, schools, gas stations, medical office buildings and surgery centers, office buildings, warehouses, industrial and R & D buildings, agriculture, apartment complexes, shopping centers, residential and commercial condominiums, attached and detached single family dwellings, including residential subdivisions and land development projects.

Professional Affiliations:

Membership in: Appraisal Institute - MAI (2002) and SRA Member (1989)
Continuing Education Requirements Completed through December 31, 2014
Membership in:International Right of Way Association
Licensed as:Certified General Real Estate Appraiser, State of California, AG005421

Professional Service:

  • Ex Officio/Director, International Right of Way Association, San Jose Chapter 42, 2005-2006
  • President, International Right of Way Association, San Jose Chapter 42, 2005
  • Vice President, International Right of Way Association, San Jose Chapter 42, 2004
  • Treasurer, International Right of Way Association, San Jose Chapter 42, 2003
  • Director, S.F. Bay Area Chapter of the Appraisal Institute, 1995-1998
  • Regional Ethics and Counseling Panel, Appraisal Institute, 1996-1998
  • Regional Representative, S.F. Bay Area Chapter of the Appraisal Institute, 1996-1997
  • Appraiser Member, Real Estate Research Council of Northern California
  • Chair, South Branch of the S.F. Bay Chapter of the Appraisal Institute, 1994
  • Vice Chair, South Branch of the S.F. Bay Chapter of the Appraisal Institute, 1993
  • Director, Mission Chapter of the Appraisal Institute, 1989-1991
  • Regional Representative, Mission Chapter of the Appraisal Institute, 1991
  • Chair, Vendor Faire Committee of the Mission Chapter of the Appraisal Institute, 1989

Expert Witness Testimony

Public Utility Commission, State of California Santa Clara County Superior Court
United States District Court American Arbitration Association
San Joanquin County Superior Court 100% and Fractional R.E. Interests

Formal Education

B.S. Business Management University of Phoenix, San Jose, California
Graduated with Honors

Specialized Appraisal Education:

Eminent Domain Law Basics for Right of Way Professionals The Valuation of Partial Interest
Foundations of Eminent Domain Appraisal Practice in CA Advanced Income Capitalization-510
Highest & Best Use and Market Analysis-520 Advanced Sales Comparison & Cost Approach-530
Report Writing & Valuation Analysis-540 Advanced Applications-550
Appraisal Practice for Litigation Loss Prevention for Real Estate Appraisers
Appraising for Tax Appeals Residential Subdivision Feasibility Analysis
Bond/Mello Roos Electromagnetic Fields and Their Effect on Value
Liability Protection for Real Estate Appraisers Property Management Issues and Trends
Appraisal Reporting of Complex Residential Properties Land Use Appraisal Process
Environmental Hazards Depreciation Analysis
HUD Reporting Practices & Appraisal Techniques Preparing Appraisals for Litigation
Standards of Professional Practice (Part A), USPAP Analyzing Operating Expenses
Standards of Professional Practice (Part B), AI The Appraisal of Partial Acquisitions-401
2008 Spring Litigation Conference, AI 2008 and 2009 Fall Conference, SF BAy Area AI
2009 Spring Litigation Conference, AI Appraisal Curriculum Overview AI
Wall Street - Supporting Capitalization and Yield Rates, AI 7-Hour National USPAP Update 2010
IRS Valuation Summit, AI


1995 to presentThe Schmidt-Prescott Group, Inc., President
San Jose, California

1978 - 1995Schmidt & Associates, Inc., President
San Jose and Fremont, CA

1976 - 1978Senior Supervising Appraiser, Mercury Savings & Loan
Cupertino, CA

1976 - 1976Staff Appraiser, American Savings & Loan
San Jose, CA

1975 - 1975Real Estate Appraiser and Consultant,
B.A. Ericson Appraisal Co., San Jose, CA

Service Affiliations

Niles-Fremont Rotarian of the Year 2000-2001
Paul Harris Fellow

Partial List of Clients Served
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