Appraisal Matters

Secret # 11 – Location is Not That Important, but Crime Is

I’ve already blogged about how crime can affect regional malls and vacant land.  It has some noticeable effects on office condominiums too.

Let’s pretend we are an office user.  That might be an owner, prospective unit purchaser or tenant.  If cars get stolen from your parking . . . → Read More: Secrets of Appraising Office Condominiums – Part 5 of 5

Secret # 9 – Gross, Modified Gross and Net Are Quirky

You have to watch how these terms are reported by brokers and on the rent roll.  The traditional definitions don’t always apply.

Let’s take a real world example.  I appraised this only particular office condominium unit years ago in Rockville, Montgomery County, Maryland.  I compiled a report . . . → Read More: Secrets of Appraising Office Condominiums – Part 4 of 5

Secret # 6 – The Premium Adjustment

There are certain types of office condominium projects that garner a premium in the market.  They have something so special going on that they have no true analog.  The best example is the medical office condominium project that either adjoins a hospital or shares an elevated walk bridge with one.  . . . → Read More: Secrets of Appraising Office Condominiums – Part 3 of 5