Exterior Feature Over improvement consideration

[bart nathan]

I would search something like Horse Riding Arena or Equestrian Riding Arenas. Should give you something of similar size if there is any.

 

[sputnam]

Hi all - I am completing a residential appraisal for a dwelling that has two large shops (6000 sf and 8600 sf). The larger of the two was recently completed. The borrower runs his trucking business out of the smaller of the two shops and the larger is being used as a car museum/storage building. There is sufficient market evidence to support the contributory value of the first shop but not the second, newer shop - particularly due to size. How might you handle the additional shop? Include data and explain it is an over improvement? Develop the CA but still give most consideration to the sales approach?

I did go back three years and expanded search area to adjacent markets to attempt to locate a relevant sale with two similar shops. Found 0. Thanks in advance for any direction.

Doesn't really sound like a residential property.