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The subject property is a 10-year-old warehouse with a remaining economic life of 30 years. A comparable warehouse in the area sold for $350,000. The
The subject property is a 10-year-old warehouse with a remaining economic life of 30 years. A comparable warehouse in the area sold for $350,000. The comparable is identical to the subject in all respects except the effective age of the improvements is 20 years. The replacement cost of the comparable is $275,000.
What is the indicated value of the comparable land?
OK TO USE FINANCIAL CALCULATOR, BUT SHOW STEPS. Thank you.
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