Tammy Tidwell
Freshman Member
- Joined
- Dec 26, 2005
- Professional Status
- Licensed Appraiser
- State
- Missouri
I recently got asked to appraise a 4,000sf home with 15 bedrooms and 6 baths. I spoke with the homeowner and it turns out to be a homeless shelter. The town in which it is located, is small and lacks anything that is similar. Is this considered commercial? It is not an income producing property, however if it was on the open market only commercial investors would consider it. Should I proceed?