That there would be a Part 3 to this site selection tale of woe seemed inevitable, and regrettably it has come to pass.
A couple of comps and you’re golden.
Except for some industrial property types such as manufacturing, it usually pays to develop to reasonably current design standards
As someone who has been involved in many appeal hearings, I’ve witnessed firsthand how much valuable time is lost because of timing.
EBITDA is your new best friend!
The big box ownership argument that their buildings largely represent branding efforts, which in turn causes inherent obsolescence, always mystifies me.
An appraisal submitted for appeal evidence on a midwestern 144 garden-style apartment property reflected an expense ratio of 70% of Effective Gross Income (EGI).
The road to equity often includes an appeal hearing.
When are cap rates most meaningful?
In the Part 1 of this post we concluded that researching and listing all applicable expenses accruing to both ownership (Lessor) and tenant (Lessee).
You’ve heard it… “But this is how my client’s property is operated!”
Assessment professionals are constantly forced to deal with folks trying to duck their tax bill.
Which of these scenarios justifies allocation of a management charge against Effective Gross Income (EGI) in valuing real property by the income approach?
What happens to surrounding values when a new, attractive, and well tenanted retail development is injected into an older commercial area?
The votes are all in, and they look, well… strange.
Are you diving into those brokerage and subscription websites that report sales and listings of leased retail boxes?
Picture a small town conveniently linked to the city of Chicago by commuter train.
Apologies to The Beatles (who define “fabulous”) but I wanted to get your attention.
While appraising commercial property, I learned early to gauge the quality of property management.
Recall from Part 1 of this topic that we’re discussing a 2,800 SF (70’ x 40’) basic structure, constructed in 1995 with a drive-up added in 2005.