Spring 2027

Valuation of Real Estate

Covers real estate valuation techniques including property, market, and legal analysis, highest and best use, and the sales comparison, income, and cost approaches applied to commercial property types.

offering recorded3 credits
Recorded instructors · Spring 2027 Chase Zadnik3.9/5Joe Walsh3.7/5

Summary

1 / 3

Recent recorded grades — Spring 2025: 3.42 GPA, 62.7% A/AB (n=59 letter grades); Fall 2025: 3.46 GPA, 68.0% A/AB (n=150 letter grades); Spring 2026: 3.51 GPA, 74.4% A/AB (n=43 letter grades).

What you’ll be able to do

  • Apply the concepts, tools, techniques for evaluating individual real estate assets, based on the application of economic theory and principles of urban economics, for the purpose of real estate valuation.

  • Analyze commercial real estate market data and forecast rents and vacancy for a commercial property.

  • Create a valuation analysis and a compelling appraisal report for a commercial property.

  • Demonstrate the technical skills of appraisal, including but not limited to data gathering, market analysis, and cash flow modeling.

  • Describe how market dynamics, constrained by the geographic, physical and legal parameters, determine values of individual assets in the market.

  • Explain the economic forces that drive real estate value in the market.

Source: UW Guide

Grade history

↗
average GPA
letter grades
A
AB
B
BC
C
D
F

All recorded terms · compare terms & instructors

Prerequisites

Course map

REAL EST 410, (REAL EST 411 or concurrent enrollment), and (REAL EST 412 or concurrent enrollment)

REALEST 415 used by

“Used by” includes alternatives; linked courses may have other requirements. This is a best-effort interpretation; check the catalog requirements above.

Prerequisite text tree

Professors

Spring 2027
Adjusted rating
RMP difficulty
captured reviews
About this rating

Raw average: 5.00/5 from 4 quality ratings. The adjusted rating blends this with the UW review average (3.66/5), weighted as 20 additional ratings. Smaller samples stay closer to that average. Each captured review is counted once in the prior; this does not correct who chooses to leave a review.

RMP profile ↗ · All captured review dates; profile matched by name.

Recent recorded grades — Fall 2024: 3.54 GPA, 76.1% A/AB (n=67 letter grades); Spring 2025: 3.44 GPA, 65.6% A/AB (n=32 letter grades); Fall 2025: 3.43 GPA, 62.5% A/AB (n=72 letter grades).

Adjusted rating
RMP difficulty
captured reviews
About this rating

Raw average: 3.73/5 from 15 quality ratings. The adjusted rating blends this with the UW review average (3.66/5), weighted as 20 additional ratings. Smaller samples stay closer to that average. Each captured review is counted once in the prior; this does not correct who chooses to leave a review.

RMP profile ↗ · All captured review dates; profile matched by name.

No course-specific feedback yet.

Historical instructors & teaching patterns

CHASE ZADNIK is recorded teaching in Fall 2021, Spring 2022, Fall 2022, Spring 2023, Fall 2023, Spring 2024, Fall 2024, Spring 2025, Fall 2025. Recorded history may be incomplete and does not establish a future schedule.

Recorded history may be incomplete and does not establish a future schedule.

Calendar & sections

Spring 2027

Schedule loads here as you scroll.

SectionModeEnrolled / capacityWaitlist
LEC 001Classroom Instruction0 / 450
LEC 003Classroom Instruction0 / 450

Times are Central. Select a meeting for details; export includes recorded dates for the selected sections. Enrollment reflects scan time.

Meeting source records
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Student experience

the class

Recent recorded grades — Spring 2025: 3.42 GPA, 62.7% A/AB (n=59 letter grades); Fall 2025: 3.46 GPA, 68.0% A/AB (n=150 letter grades); Spring 2026: 3.51 GPA, 74.4% A/AB (n=43 letter grades).

difficulty & workload

No workload feedback recorded.

Topics

  • Property, market, legal, political, and highest and best use analysis
  • Sales comparison, income, and cost approaches to valuation
  • Application to commercial property types and valuation in real estate investment

Skills

  • Applying valuation concepts, tools, and techniques to evaluate real estate assets using economic theory.
  • Analyzing commercial real estate market data and forecasting rents and vacancy.
  • Performing technical appraisal tasks including data gathering, market analysis, and cash flow modeling.
  • Creating valuation analyses and appraisal reports for commercial properties.

Grades

Historical instructor

Spring 2027 · Projected

Before grades are released

– average GPA

Approximate 80% prediction interval

About this estimate

The course’s semester-average GPA, not an individual student’s grade. The center uses 5 same-season terms, weighted toward recent results.

The range uses the finite-sample 80th-percentile rank of absolute errors from earlier same-season forecasts. Each forecast uses only records from earlier terms. At least four forecasts are required; bounds are rounded outward and limited to 0–4. This is an empirical estimate: changing instructors or grading policies can reduce its coverage.

8 earlier forecasts · 0.08 GPA average error.

Grades over time

Through Spring 2027

More grade details Grade mix, volume & source data

Where this course fits relative to

Latest available grades · Spring 2026 · all course levels

GPA

Higher than % of other courses in this group.

Course GPAs · red marks this course’s range

letter grades

More recorded grades than % of other courses in this group.

Typical course in this group: letter grades.

About this comparison

1280 courses over the same term, each with at least 30 recorded letter grades. Cross-listed courses count once. GPA is not a measure of difficulty or teaching quality. The typical course is the median by recorded grade count; tied values are not counted as lower. Grade counts describe course scale, not unique students or typical section size.

Descriptions compare GPA with this group’s average: at least 0.20 higher or lower; otherwise close to average. Section size uses median recorded enrollment: small up to 30, mid-sized 31–99, large 100+. Lectures and discussion/lab sections are described separately.

Sources & history

UW–Madison

Catalog & offerings

Descriptions, prerequisites, and recorded course offerings.

Catalog observation history

Observations at scan time; dates do not imply when a catalog change took effect.

Download part 1
Selected offering source records
REALEST 415 · Spring 2027

Valuation of Real Estate

Recorded 2026-10-14
Raw records 
[
  {
    "run_id": "20261014T203208-0851c9a1",
    "semester": "1274",
    "observed_at": "2026-10-14 17:50:09.728220+00:00",
    "offering_id": "1274:239:003247",
    "course_id": "REALEST 415",
    "course_uid": "course_cc22b781e5232235701ee34d",
    "term_id": "1274",
    "source_course_id": "003247",
    "source_subject_id": "239",
    "title": "Valuation of Real Estate",
    "credits_min": 3,
    "credits_max": 3,
    "typically_offered": "Fall, Spring, Summer"
  }
]
Rate My Professors

Student reviews

Original comments behind the course and instructor summaries.

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No records available.

Madgrades

Grade history

Recorded grade distributions by term, section, and instructor.

Explore recorded grades
Dataset & model

Recorded 2026-10-14

View the dataset on Hugging Face
Model outputs & technical records
Qwen/Qwen3.8-27B
LLM outputs across runs
Download part 1
Full model traces

Recorded model configuration, reasoning, and tool conversations.

Download part 1
Model & dataset provenance 
{
  "model": "Qwen/Qwen3.8-27B",
  "model_revision": "1d4bf0f2ff6012fd82039f2fa52739d0dd7c60c0",
  "task_version": "17",
  "output_id": "6cae046275c777b95c213bd874bee98db9586f99440fb548e82e52b7c682256c",
  "requirements_status": "valid",
  "dataset_revision": "fc1811fa52e581ea57a35c0cf3343f8740a8ffbf",
  "observed_at": "2026-10-14 17:50:09.728220+00:00"
}