Land value is such a large percentage of a marina's market value that it's got to be done right. Unfortunately, there are a litany of problems with estimating a reliable land value for a marina. I posted a detailed six part series on the problems and issues associated with valuing marina land. From what.
Read moreTag Archives: marina land
Secrets of Reviewing Marina Appraisals – Part 6 of 8
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Posted by John Simpson
Welcome to the marina cost approach. Want to know something funny? I hope it isn't there! I'll write a blog about this in the future, but let's just say that I don't believe it to be reliable. Still, the focus here is on reviewing a cost approach, so I intend to give you the benefit.
Read moreMarina Parking Ratios
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Posted by John Simpson
It is almost standard operating procedure for commercial appraisers to count parking spaces and to calculate a parking ratio. Unlike common commercial property types, calculating this for marinas produces incorrect results or no results more often than not. Here's why:
Read more- To count the number of parking spaces, you need a marker. That can be striped asphalt.