Question

Will rate fast

Question 8 10 pts Assume that you are appraising the value of a 135,000 SF industrial property using the sales comparison approach. Checking with the County Property Appraiser's Office, you have found recent sales for three very similar properties. The first is an 80,000 SF property that sold for $7,200,000; the second is a 100,000 SF property that sold for $8,000,000; and the third is a 140,000 SF property that sold for $9,800,000. Assume that land size and land value is approximately the same for all properties including the subject. Given this information, what is the value of this property? $9,600,000 $9.200.000 $10,800,000 $10,400,000 $10,000,000 D Question 9 10 pts Assume that you are appraising the value of a 40,000 SF office property using the cost approach. You have checked with Marshall and Swift and gotten information on average construction cost for this type of property of $140 per square foot. The property is on 2 acres of land, and a sales comparison analysis of land prices indicates that land in this area is going for approximately $100,000 per acre. Given this information, what is the value of this property?

Answer 1

Here is solution of your question. If you have any query please comment in comment Box and will definitely resolve your query Thank you

An-ftep Calula aveape of eld pmperly 48,000,00010, o00F 80 50oouotqoa 80 Step-2 Multiply aveage of popexby uts Value of feperilf 10, 800, 600 An- 9 | Steo-Calculate lost ad 100,000elung tnic 40,000 F 43S60 ACYe setl price АСsе 2 40000 к 100000 43560 918236 Cafwlate LOS of (on tuion Cost of (oni fruction F 2 Cost of lonivction o 140 x 4o000 5600,0 000 Poperty by cotf approacA Calwlat valu M. P Lost of land Cost of (onimcton- Depruaon- 91821 36 t5,600,000 5,691, 827.36 Istep