03a. Abatement hearing- Travelodge

Introduction 4 Extent to Which the Property is Inspected CBRE, Inc. inspected both the interior and exterior of the subject, as well as its surrounding environs on the effective date of appraisal. We did not inspect the roof nor did we make a detailed inspection of the mechanical systems. We are not qualified to render an opinion regarding the adequacy or condition of these components. The client is urged to retain an expert in this field if detailed information is required. This inspection sample was considered an adequate representation of the subject property and is the basis for our findings. Type and Extent of the Data Researched CBRE reviewed the following:  applicable tax data  zoning requirements  flood zone status  demographics  income and expense data  comparable data Type and Extent of Analysis Applied CBRE, Inc. analyzed the data gathered through the use of appropriate and accepted appraisal methodology to arrive at a probable value indication via each applicable approach to value. The steps required to complete each approach are discussed in the methodology section. Data Resources Utilized in the Analysis DATA SOURCES Item: Source(s): Site Data Size City of Fargo Improved Data Building Area City of Fargo No. Bldgs. Inspection Parking Spaces Aerial Year Built/Developed City of Fargo Economic Data Deferred Maintenance: Appraiser Estimate (See EA) Building Costs: N/A Income Data: Market Derived Expense Data: Market Derived Compiled by CBRE