Real Estate Appraisal Forum

appraisersforum.com logo
The Premiere Online Community for Real Estate Appraisers!
 Fastest Way to Find a Real Estate Appraiser Enter Zip Code:
 
 
Go Back   Appraisers Forum > Real Estate Appraisal Forums > Commercial/Industrial Appraisals
Register Help Our Rules Calendar Archives Mark Forums Read


Closed Thread
 
Thread Tools
  #1  
Old 12-19-2011, 03:34 PM
BigBlueGA's Avatar
BigBlueGA BigBlueGA is offline
 
Join Date: Mar 2002
Location: Southeast Georgia
State: Georgia
Professional Status: Certified General Appraiser
Posts: 406
Default Appraising Community Water Well Sites

I've been asked to do several appraisals on small operating community well sites for one of our clients. Have looked through the Lum Library and searched the forums for info on appraising them, trying to figure out if there are any issues there that I'm overlooking that might cause an issue with competence... they are all small systems (15-40 units served) that were put in place by the developers and sold to third parties for continued operation, seems to me it would be a pretty straight forward income approach plus sales comparison.

Not quite sure how to handle management costs though, it's not really something you can find a "manager" to handle... most of these operators collect systems and run the whole operation themselves. That's the only stumper I've come across so far. Anybody have experience with these?
__________________
"Under quality of construction the appraiser graded it as 'Great'."
Sponsored Links

  #2  
Old 12-19-2011, 07:44 PM
CANative's Avatar
CANative CANative is offline
 
Join Date: Jun 2003
Location: Ukiah, CA
State: California
Professional Status: Certified Residential Appraiser
Posts: 46,959
Default

Assuming they are regulated in some way are their budgets and expenses a matter of public record?
__________________
You have been removed from this discussion.
  #3  
Old 12-19-2011, 08:15 PM
PropertyEconomics's Avatar
PropertyEconomics PropertyEconomics is offline
 
Join Date: Jun 2007
Location: Central New Mexico
State: New Mexico
Professional Status: Certified General Appraiser
Posts: 18,855
Default

Most of these operations are conducted by non profits if they are small systems and management is done on a volunteer basis. I would think you would be looking at the value of the going concern or a value in use ... and I dont know about your area, but in mine, the water rights would be valuable to such a degree as they would most proably hold the majority of value in the system.
__________________
Foxtrot, Uniform, Charlie, Kilo Cancer ... In memory of our friend Bill Waite!
  #4  
Old 12-23-2011, 11:35 AM
Terrel L. Shields's Avatar
Terrel L. Shields Terrel L. Shields is offline
 
Join Date: May 2002
Location: Springtown, AmeRica
State: Arkansas
Professional Status: Certified General Appraiser
Posts: 40,367
Default

Water rights in the East are a little different.

I would suggest that managing the properties is like most other outside managers...Depending on the labor involved "management" usually falls in the 5-10% of income range.
__________________
It does not rquire many words to speak the truth-Chief Joseph
Sponsored Links

Closed Thread


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump




Copyright © 2000-, AppraisersForum.com, All Rights Reserved
     Terms of Use  Privacy Policy
AppraisersForum.com is proudly hosted by the folks at AppraiserSites.com

Fastest Way to Find a Real Estate Appraiser Enter Zip Code:
Partner Sites:
AppraiserUSA.com - National Appraiser Directory AllDomainsUSA.com - Domain Name Registration
DeadbeatListings.com - Deadbeat ListingsAppraiserSites.com - Web Hosting for the Professional Real Estate Appraiser
Find FHA Appraisers - FHA Appraiser Search Commercial Appraisers - Commercial Appraiser Search
Relocation Appraisal - Find Relocation Appraisers Domain Reseller - Business Opportunity
Home Security Buzz - Home Security Info Radon Testing - Radon Gas Info
My Medicare Forum - Medicare Info Stop Smoking Help - Help Quitting Smoking
CordlessPhoneStore.com - Great Cordless Phones AndroidTabletCity.com - Android Tablet Computers

Follow AppraisersForum.com:          Find us on Facebook            Follow us on Twitter


All times are GMT -5. The time now is 12:03 PM.

SiteMap: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93