NC Commercial
Freshman Member
- Joined
- Jul 27, 2012
- Professional Status
- Certified General Appraiser
- State
- North Carolina
I'm having a hard time with this one.
Its a proposed "Community Center" in a very small town. The property will be owned by the local government.
The cost is substantial.
There are no alternative uses for this proposed building that substantiate a value anywhere close to what the costs are going to be.
It is definitely a "Special Purpose Property" but can you get away with doing just a Cost Approach anymore?
Any help would be greatly appreciated.
Thanks,
Its a proposed "Community Center" in a very small town. The property will be owned by the local government.
The cost is substantial.
There are no alternative uses for this proposed building that substantiate a value anywhere close to what the costs are going to be.
It is definitely a "Special Purpose Property" but can you get away with doing just a Cost Approach anymore?
Any help would be greatly appreciated.
Thanks,