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Old 02-24-2006, 11:41 PM
ericpope ericpope is offline
 
Join Date: Aug 2004
Location: Central La.
State: Louisiana
Professional Status: Appraiser Trainee
Posts: 25
Default Industrial land site=ad valorem suit

Hello everybody, I have the honor of appraising a railcar facility however just the land. It could be considered a prime site although it is located in RURAL Louisiana. +/- 28 acres, adequate highway frontage, rail spur to a N/S rail, and is located in an area with adequate blue-collar workers. My comps are what is killing me..... all over Louisiana...range $3,000/ac to $20,000/ac. There are some location adjusmtents however where else can I adjust from? Location, size, rail, road frontage,.....they are all over the place....HELP!
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Old 02-25-2006, 09:54 AM
xm39hnu xm39hnu is offline
 
Join Date: Jul 2003
State: Florida
Professional Status: General Public
Posts: 4,338
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Eric,
When motor freight facilities are appraised, the typical unit of comparison is the number of docking bays the facility can accommodate, not just the acreage. You need to find out what rail freight companies believe constitutes a "good" facility, versus one which is a PITA to work in. Get the right unit of comparison down, document it, and your work should be easier.
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