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  #1  
Old 12-01-2011, 01:12 PM
mvpllc mvpllc is offline
 
Join Date: Apr 2008
State: Missouri
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Default Inflatable tennis club in a flood plain?

Hi all!
I have an assignment to appraise a 40-year old inflatable tennis club. The building look like a Quonset hut, but where all the metal ribs would be are inflatable tubes. The property is also located in a flood plain.
I was thinking the Cost Approach would be the best method...I know I can't compare it to metal warehouses of similar size (20,000 SF). It has full clay courts, locker rooms, etc. It's only open during the winter.
Any ideas?
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  #2  
Old 12-01-2011, 01:21 PM
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Mike Kennedy Mike Kennedy is offline
 
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How are the Inflatables (or other interior, enclosed structures/improvements ) permanently attached to the site?
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  #3  
Old 12-01-2011, 01:24 PM
mvpllc mvpllc is offline
 
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Default Not sure

I'm doing the inspection on Monday. I just wanted to get a jump start on thinking this through. I see where you might be going with this, that the actual blow up area is personal property?
I'm including a better aerial here.
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  #4  
Old 12-01-2011, 01:26 PM
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Mike Kennedy Mike Kennedy is offline
 
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Yup, may very well be M.A.S.H. 4077 revisited. Suggest you won't know till u get inside - the T-courts too may be portable.
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Old 12-01-2011, 01:27 PM
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Mr Rex Mr Rex is offline
 
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If it wasn't bolted down, it would blow away.
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Old 12-01-2011, 01:28 PM
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Mike Kennedy Mike Kennedy is offline
 
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Quote:
Originally Posted by Mr Rex View Post
If it wasn't bolted down, it would blow away.
Not necessarily permanently affixed.
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  #7  
Old 12-01-2011, 01:29 PM
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Mike may have a point about the personal property angle. I've seen those inflatable driving ranges sell as personal property - one did here just a few years ago. If you could, let us know what you find out. And, good luck.
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Old 12-01-2011, 02:39 PM
mvpllc mvpllc is offline
 
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I will. Thanks for the forethoughts. I'll post some pics Monday.
  #9  
Old 12-01-2011, 04:57 PM
sail143 sail143 is offline
 
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A 40 year old inflatable building likely has a limited remaining life. Despite the flood plain location does the land have a higher and better use?
  #10  
Old 12-01-2011, 05:51 PM
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JSmith43 JSmith43 is offline
 
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It may serve you well to research clay courts as there are many flavors. Some have extensive underground irrigation systems.

A Google search will get you enough information. Otherwise, interview old tennis players with sore feet.
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