Appraisal

Case Studies

THE SECTOR – SPECIALTY

Client:
Regional Transit Authority in the Midwest

Property Location:
Urban Site in Northeast Ohio

The Challenge:
Determine the value of a contaminated property.  Client needed to determine value for sale and/or lease of the subject property.

The Service:
FRG completed the following services for the client:

  • Highest and Best Use Analysis
  • Cost Approach Valuation
  • Income Approach Valuation
  • Sales Comparison Approach Valuation

 

FRG researched and analyzed the contamination restrictions for the subject property and conducted a Highest and Adaptive Re-Use analysis to determine the best use for the property besides a service garage.

The Sales Comparison and Income Approaches were used to establish the current and future value of the property.