For a school in South Dallas, we complemented the replacement cost analysis with detailed photos, building description, and sketch.
This is one of those old houses with lovely bones and a big back yard for patio dining. Pesky parking problems at the time affected value, but they were offset by the attraction across the street.
It’s difficult to assess rental rates unless you know for sure where the common-area maintenance begins and ends.
Given the huge variety in condition and configuration in surrounding buildings—let alone parking issues—this appraisal needed extra comparables for adjustment analysis.
What difference does it make whether there’s a catering kitchen or a fully equipped restaurant kitchen? Which is more important—a walk-in cooler, or a sizeable dance floor?
In some parts of the Metroplex there just aren’t enough affordable spaces for a micro-business like auto repair or decorative arts to get started. This investor knows where the potential tenants need space. He has the metal-building construction package all worked out. We analyzed supply and demand as well as land value.
The extremely clean, efficient building was situated with great visibility and great auto-sale parking ratios. But in this case, being so close to Trinity Groves, what was the highest and best use? Was the land worth more for another purpose?