Past Project Examples

Assessing Market Value: Casino Property in Transition

Burdened by annual assessment disputes, the assignment presented a unique challenge with complex issues of use classification, valuation methodology, and highest and best use. Our comprehensive appraisal provided a thorough analysis of these factors, including a market equity review of all city casinos.

Result:
Secured a 30% reduction in assessed value, aligning it with our appraisal findings. This success, achieved through meticulous analysis and a compelling case has led to lasting stability in the property's valuation and assessment in subsequent years.

#Expert Reports

Complex Retail Appraisal: Unraveling Legal, Site, and Valuation Challenges

This unique assignment involved determining the market value of a retail site burdened by multiple legal and site constraints. The property faced development restrictions imposed by both title limitations and leasehold interest conditions. Additionally, the parcel was owned by the city, with a termination clause granting them the right to expropriate at any time. Lastly, challenging topography further hindered development potential.

Our appraisal meticulously examined each of these factors, quantifying their negative impact on the property's value for potential purchasers. By comparing the site to similar properties without these encumbrances, we provided a comprehensive analysis of the necessary adjustments to accurately reflect the market value, taking into account all legal and site-specific complexities.

#Commercial Appraisal & Advisory

Navigating Complex Valuations: Quantifying Locational Obsolescence and External Property Influences

This unique assignment focused on a landmark property – one of the city's largest, oldest, single-tenant industrial buildings situated within a bustling residential and retail corridor. Recognizing the potential impact of surrounding traffic on the property's value, we conducted a comprehensive traffic study. This meticulous analysis examined daily traffic volumes, their influence on inventory movement and distribution efficiency, and comparative data from similar industrial sites, leveraging a combination of company-specific, site-specific, and city-provided GIS information.

To further quantify locational obsolescence, we compared the subject property to newer industrial parks, utilizing construction cost, rental rate, and proforma analyses. This comprehensive market review proved instrumental in identifying and quantifying the impact on market value, especially given the limited sales activity of large industrial buildings.

#Market Research, #Sector Studies