Project Details

• Categories: Apartments, Appraisal Reviews, Hospitality Facilities, Industrial, Market Studies, Miscellaneous Property Types, Office Buildings, Retail Properties

Project Description

The appraisal of undeveloped land can be challenging because value is correlated with development potential and, since development potential is a function of zoning, topography, soils conditions, off-site development expenses, the extent of competition, and the level of immediate demand, simulating market behavior can involve issues which are complex. In the past, we have appraised parcels that were one-of-a-kind, typically waterfront in locations where surrounding properties had been built-out for decades, or where redevelopment of competing properties was restricted.