Real Estate Valuation and Consultation
K.R. McBay Company
Eminent Domain
Kenneth McBay, MAI, ARA, SR/WA, AI-GRS
General Certified Appraiser, CA


Mr. McBay is the principal of K. R. McBay Company.  K. R. McBay Company is a
firm that appraises and consults on a wide range of property types for government
agencies involved in eminent domain, for collateral valuation for lenders, and for
property owners and investors. Property types appraised include agricultural
properties such as orchards, vineyards, open cropland, agribusiness facilities such as
grain elevators and fertilizer plants. Commercial properties include industrial, office,
retail, multi-family, land, and subdivision properties. Specialty areas include
conservation easement valuation and valuations for eminent domain purposes.

Mr. McBay has over 28 years valuation experience. After graduation from college and
service as an infantry officer in the U.S. Marine Corps, he began his real estate career
with a property management and acquisition company providing acquisition and
management analysis and valuation; then working with a major life insurance company
as a real estate investment analyst, and for a major bank providing management and
property valuation for acquired properties.

Mr. McBay began working as a fee appraiser in 1991 for appraisal firms in the
Sacramento area, and began his own firm, K. R. McBay Company, in 2000. His
extensive experience and professional training has equipped him to deal with a wide
range of complex appraisal assignments. Geographically the firm appraises in an
extensive area from Fresno County in the south to Butte and Yolo Counties in the

Professonal Affiliations and Designations
MAI (Member Appraisal Institute) - Designated Member of the Appraisal Institute
ARA (Accredited Rural Appraiser) - American Soc. of Farm Managers & Rural
SR/WA (Senior Right of Way Agent) - International Right-of-Way Association
AI-GRS (Appraisal Institute - General Review Specialist)

Education and Certifications
Hancock College                                                 A.S. Degree, Business (Real Estate)
California State Polytechnic University             B.S. Degree, Agronomy
California State Polytechnic University             M.S. Degree, Agricultural Management
University of South Illinois                                One year completed toward MBA
State of California Certified General Real Estate Appraiser, #AG008218
Licensed Real Estate Broker, State of California, #00777996
Certificate of Completion, Conservation Easement Valuation (Apprasial Institute &
Certificate of Completion, Litigation Appraisal (Appraisal Institute)

Professional Education
Appraisal Institute
American Society of Farm Managers and Rural Appraisers
International Right of Way Association

Mark Souza, Senior Appraiser
Certified General Real Estate Appraiser

Mr. Souza is a Senior Appraiser with K .R. McBay Company, a real estate appraisal
firm that engages in a wide variety of real estate valuation and consultation
assignments.  In 2007 Mr. Souza began his career in real estate as an associate
appraiser with K. R. McBay Company.  Mr. Souza has experience in the valuation of
a wide range of commercial and agricultural properties.  Specific property types have
included: office, retail, industrial, multi-family residential, rural residential, commercial
and residential land; as well as mixed-use and special-purpose properties.  Special-
purpose properties have included walnut huller/dryer facilities, aqua-culture facilities,
dairy facilities and RV/mini storage facilities.  Agricultural properties have included
orchards, vineyards, and open cropland.  Mr. Souza also has experience in the
valuation of a variety of properties affected by eminent domain.   

Professional Affiliations
Associate Member – Appraisal Institute
Licensed Real Estate Appraiser - State of California (No. AG043526)

Academic Education
Bachelor of Science in Natural Resource Management, California Polytechnic State
University, San Luis Obispo, California
Minor, Speech Communication
Graduated Cum Laude with 3.8 GPA

Appraisal and Real Estate Courses
Uniform Standards of Professional Appraisal Practice
Basic Appraisal Principles
Basic Appraisal Procedures
Federal and State Laws and Regulations
Real Estate Finance, Statistics and Valuation Modeling (Appraisal Institute)
Business Practices and Ethics (Appraisal Institute)
Gen. Appraiser Sales Comparison Approach (Appraisal Institute)
Gen. Appraiser Market Analysis Highest & Best Use (BREA Approved Course)
Gen. Appraiser Site Valuation & Cost Approach (BREA Approved Course)
Gen. Appraiser Income Approach I & II (BREA Approved Course)
Gen. Appraiser Report Writing & Case Studies (BREA Approved Course)
Commercial Appraisal Review (BREA Approved Course)
Expert Witness for Commercial Appraisers (BREA Approved Course)

Administrative Staff

Cheryl McBay

Melody Bold
Email:                              Phone:   Office & Fax: (209) 634-0402