One parcel, half zoning residential, half zoning commercial

[alebrewer]

From The Appraisal of Real Estate: "If the highest and best use of a property is for more than one use on the same parcel (or in the same building), the appraiser must estimate the contributory value of each use." By definition, this is more challenging than estimating the contributory value of only one use. Again - which is more challenging, building one house or building two? Very glad you're really comfortable with this type of analysis, though.

 

[Stone]

lol - I don't understand it, therefore you don't either.

Got it. Carry on.

 

[alebrewer]

many or even most appraisers really don't spend that much time working through HBU analysis and when something that is out of their ordinary practice comes up it can be a bit baffling to do so.

What sounds condescending is to say that 'many or even most appraisers really don't spend that much time working through HBU'. That is a baseless assumption on your part. Much less condescending to remove the first part of the sentence and just say that, when something is out of their ordinary practice, it can be baffling - which is true for anyone...

 

[gregb]

Never heard of such zoning. A house is on the residential side, a shop is on the commercial side. The buyer is buying the entire parcel. How would you do the appraisal? Thank you

The elephant in the room likely involves an AMC trying to place this appraisal with a Residential appraiser with peanuts as fee.

 

[Mark K]

. I said that (a) it's not a mixed use - it is two separate uses, and (b) H&BU analysis IS more challenging.


I just don't see why you and George think that means I don't know what I'm doing?

Those who have appraised these in the past probably don't see a big difference between mixed use of comm/resid in one building or comm/resid on one lot. They are both mixed uses.

Never said you didn't know what you're doing, in general. On this issue, a lack of experience seems to be making your grasp of the concept a bit elusive.

 

[alebrewer]

Those who have appraised these in the past probably don't see a big difference between mixed use of comm/resid in one building or comm/resid on one lot. They are both mixed uses.

Never said you didn't know what you're doing, in general. On this issue, a lack of experience seems to be making your grasp of the concept a bit elusive.

 

[alebrewer]

Those who have appraised these in the past probably don't see a big difference between mixed use of comm/resid in one building or comm/resid on one lot. They are both mixed uses.

Never said you didn't know what you're doing, in general. On this issue, a lack of experience seems to be making your grasp of the concept a bit elusive.

Maybe you could enlighten the OP, then. How would you perform a H&BU analysis on one, unsubdivisable site with two separate zonings - not overlays. It seems you guys are WAY out of my league.

 

[alebrewer]

What's that sound crickets make?...

 

[Amy Perkins]

Never heard of such zoning. A house is on the residential side, a shop is on the commercial side. The buyer is buying the entire parcel. How would you do the appraisal? Thank you

Mixed use, I would likely have someone who is qualified like a commercial appraiser and it probably would not be a form appraisal.

 

[alebrewer]

Mixed use, I would likely have someone who is qualified like a commercial appraiser and it probably would not be a form appraisal.

NAH!!! According to GH, Stone, and Mark H, H&BU analysis is no different than for a single use SF Detached. Should be easy as pie. Heck - might could even do it on a 2055...