THE MARKET
Class I Railroad & Real Estate Holding Company for State University
THE REGION
Southeast (Rural)
INTENDED USE
Negotiation with Lessor for Sale of Corrifor (NLV) and Negotiation with Owner for purchase of corridor
OUR SERVICES
Net Liquidation Valuation
Title review
GIS Mapping
Market Corridor Valuation
THE CHALLENGE
The first valuation of 38 miles of in-active corridor was for an option to purchase based on the net liquidation value of the corridor.
The second valuation was a market value appraisal of 6.5 miles of the 38 miles, which was purchased by a real estate holding company.
THE SOLUTION
1.) The NLV appraisal involved review of title, delineation of the fee-owned parcels, and valuation based on the assumption that a single entity would purchase the fee-owned parcels in order to market for sale to others. We utilized the subdivision development analysis technique to accomplish the valuation.
2.) The market value appraisal involved a portion of the corridor purchased based upon the NLV. This HBU was for continued corridor use for recreational trail purposes, with the future possibility for alternative transportation uses serving the university.
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GET TO KNOW RMI VALUATION
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