Real estate Question

You are estimating the market value of a lot with a one-story industrial building that is 12 years old and has a remaining economic life of 48 years. You believe that 20% is an adequate depreciation deduction for everything except the following: Observed Depreciation 60% Heating system Plumbing Electric and power Reproduction Cost $12,800 15,200 23,000 30 40 Floors 18,200 25 Roof 16,500 55 Additional information: The building is 125' by 160'. You estimate that it would cost $55 per square foot to reproduce the building. You estimate site value at $180,000. What is your opinion of the property's market value? You are estimating the market value of a lot with a one-story industrial building that is 12 years old and has a remaining economic life of 48 years. You believe that 20% is an adequate depreciation deduction for everything except the following: Observed Depreciation 60% Heating system Plumbing Electric and power Reproduction Cost $12,800 15,200 23,000 30 40 Floors 18,200 25 Roof 16,500 55 Additional information: The building is 125' by 160'. You estimate that it would cost $55 per square foot to reproduce the building. You estimate site value at $180,000. What is your opinion of the property's market value