Scenario:

Sam is looking to refine his portfolio. He is considering selling 71 industrial parkway, a property in a light commercial industrial development which is currently being managed by radical realty. It consists of light industrial and warehousing facilities. Sam's property is a warehouse with a reception/display area at the front and some additional office apace upstairs. Sam has just bought a new property, 17 parkwood place, from developer which consists of office space and shop fronts. there is a variety of different business operating from there at the moment. he may want Glenvista Realty to manage the leasing of the premises. Initially he would like you to provide an opinion of the market price for both 71 Industrial Parkway and 17 Parkwood place.

Question:

1) which appraisal methods would be most suited in this instance? provide the pros and cons of at least two methods of appraisal when looking to establish a market prices(sale or lease) of commercial properties

2) Explain to Sam how these factors will impact on your appraisal:

• Current legislation
• Research
• Property usage and land use controls
• Financial records
• Lease arrangements

3) List the actions required to appraise both properties

4) List the steps required to create signature CMA reports using RP data professional for 71 industrial parkway.