02. Abatement hearing for Y&O Fargo Plaza, LLC
Laserfiche
>
Public
>
County Commission
>
2023
>
03-06-2023
>
Regular Agenda
>
02. Abatement hearing for Y&O Fargo Plaza, LLC
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/27/2023 10:07:26 AM
Creation date
2/27/2023 10:07:19 AM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
159
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Download electronic document
View images
View plain text
Executive Summary <br />historically or prospectively. In a historical analysis, this is referred to as exposure time. Exposure <br />time always precedes the date of value, with the underlying premise being the time a property <br />would have been on the market prior to the date of value, such that it would sell at its appraised <br />value as of the date of value. On a prospective basis, the term marketing time is most often <br />used. The exposure/marketing time is a function of price, time, and use. It is not an isolated <br />estimate of time alone. In consideration of these factors, we have analyzed the following: <br />•exposure periods for comparable sales used in this appraisal; <br />•exposure/marketing time information from the CBRE, Inc. National Investor Survey and the <br />PwC Real Estate Investor Survey; and <br />•the opinions of market participants. <br />The following table presents the information derived from these sources. <br />EXPOSURE/MARKETING TIME DATA <br />Investment Type <br />PwC Strip Shopping Center <br />National Data <br />Local Market Professionals <br />CBRE Exposure Time Estimate <br />CBRE Marketing Period Estimate <br />Exposure/Mktg. (Months) <br />Range Average <br />2 18 6.8 <br />6.0 -12.0 9.0 <br />6 -12 Months <br />6 -12 Months <br />Source: CBRE National Investor Survey, RealtyRates.com Survey & PwC Real Estate Survey <br />IX Hobby Lobby Center, Fargo, North Dakota CBRE <br />Page 49
The URL can be used to link to this page
Your browser does not support the video tag.