Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Given the following information, determine the value of a property using the Cost Approach: 20 acres of land 325,000 sf building 50 year useful life
Given the following information, determine the value of a property using the Cost Approach:
20 acres of land
325,000 sf building
50 year useful life
8 years of estimated physical depreciation and physical obsolescence
Cost New = $150 psf
Land value based on comps is $25,000 per acre
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started