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Our firm has extensive experience in the valuation of a variety of land tracts. The valuation of undeveloped land may be more difficult than many would think. This is due to the fact that value is related to development potential. Oftentimes, development potential is a function of zoning, topography, soil conditions, off-site development expenses, competition and the level of immediate demand. In our assignments we value land through one or a combination of the six generally accepted procedures. These include; direct sales, allocation, abstraction, anticipated use or development, capitalization of ground rent or the land residual procedure. Our process includes properly identifying the property, conducting site analysis, and determining highest and best use. We look at competing properties in the area and apply the best adjustment technique. We also make sure we consider property listings, improved property sales, possible paired sales and take care to select the appropriate units of comparison. A sample of our past assignments have included land in or related to:
  • Mature neighborhoods
  • Raw land
  • Retail/Industrial
  • Residential
  • Large acreage
  • Contaminated sites
  • Wetlands
  • Agricultural
  • Office
  • Forestland
  • Floodplains
  • Easements
  • Waterfront