Cap rate for a bar

[Fred]

façade.

I was trying to clean off my computer screen whe I realized that thing on the bottom of the c was intentional. Then, I was remembering about your post that commercial appraisers don't need high IQ's. :icon_question:

ranking works well.

Where did you hear about that?

You're probably going to yell at me, but I use a grid similar to the URAR for quantitative analysis, and support that with a qualitative analysis in the reconciliation.

If I was going to yell, it would be for using the word "qualitative."

I usually have less trouble supporting adjustments with these little tin buildings than I do with some residential problems.

Are you saying you are better at appraising things that men buy?

--------
What you are saying makes more sense than the idea that we are appraising a "bar" and looking for a "bar" cap rate. As you say,

I value only the real estate, and not the BEV.

It seems to me we are generally supposed to look at this as space and value at highest and best use, not value in continuing use. I'd put that together with what David wrote about market rent capitalized. Value in continued use is not always value at highest and best use, and that can go either way. Value is a bar that isn't doing well would go one way. Value as Walgreens would go the other and probably get you some BEV.

 

[xm39hnu]

If I was going to yell, it would be for using the word "qualitative."

Then, I was remembering about your post that commercial appraisers don't need high IQ's.

Sorry, I gotta remember that.