Tag Archive for "marinas" | Marinaappraisal.com | John Simpson, MAI

Tag Archives: marinas

28
July

Marina Functional Obsolescence Boaters Recognize

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Posted by John Simpson

When functional obsolescence is present at a marina, it is usually one of two types: That which affects the marketability and value of the marina (which I call supply-side obsolescence) and those that are recognized by boaters (demand-side obsolescence; again my term). From marina surveys I've.

10
July

Marina Profitability Faces the “Double Squeeze”

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Posted by John Simpson

Over the past month, we've gotten a huge number of bid requests for marina appraisals all over the country. I inspected a marina yesterday that typifies the problem. Marinas are facing top-down and bottom-up pressure that's squeezing profitability. From the top-down perspective, the reduction in slip demand is causing higher vacancies in many marinas. Many marina.

13
June

The Marina Unit of Measure Fallacy

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Posted by John Simpson

Appraisers, lenders and brokers have an unfortunate tendency to focus on price per slip as the unit of measure for marinas. Instead of simply getting cap rates from sales, too many appraisers do a full sales comparison approach and use nebulous, mere guesswork adjustments to.