Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that you are appraising the value of a 115,000 SF industrial property using the sales comparison approach Checking with the County Property Appraiser's Office,

image text in transcribed
Assume that you are appraising the value of a 115,000 SF industrial property using the sales comparison approach Checking with the County Property Appraiser's Office, you have found recent sales for three very similar properties. The first is an 80,000 SF property that sold for $7.200,000, the second is a 100,000 SF property that sold for $8,000,000; and the third is a 140,000 SF property that sold for $9,800.000. Assume that land size and land value is approximately the same for all properties including the subject. Given this information, what is the value of this property

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Susan V. Crosson, Belverd E. Needles

8th Edition

9780618777174, 618777180, 618777172, 978-0618777181

More Books

Students also viewed these Accounting questions

Question

=+Give an example of a favorable shock to aggregate supply.

Answered: 1 week ago

Question

LO32.2 Explain the factors that cause changes (shifts) in AD.

Answered: 1 week ago