How do I value real estate in my Solo 401k plan?

My Solo 401k plan owns real estate property. How do I value it?

The value of each property can be obtained through:

• Real estate comps (based on other properties in the area) or
• Third-party licensed appraisal

If you are performing an in-kind conversion or taking an in-kind distribution of the property (i.e. there is a taxable event), then a third-party licensed appraisal must be obtained to determine the accurate value of the property. The appraisal must be dated as close as possible to the taxable event.

Converting property in 401k to Roth

Taking property out of a Solo 401k plan as an in-kind distribution