Perspective
Jul. 28, 2011
Special use properties: appraising real estate or a business?
Depending on which analysis is used, special use properties can be significantly undervalued or overvalued. By Brad M. Cashion of The Mentor Group
Some businesses are so intrinsically linked to their real estate that they can't operate without that property. Think of a cemetery, a public storage facility, a hotel or a mobile home park, in which the business is forever tied to the real estate. Or consider a popular restaurant on a busy corner on Melrose Avenue in Los Angeles or on Columbus Street in San Francisco's North Beach. In either case, these businesses derive their existenc...
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