An old office building is on a site down-zoned for retail use. Value of property as improved = $5...
An old office building is on a site down-zoned for retail use. Value of property as improved = $500,000. Value of site for office use = $100,000. Value of site for retail use = $200,000. What is the value impact due to the non-compliance?
Homework Answers
Value impact (non-compliance) = Value of property (improved) - Value of site (retail use) - Value of site (official use)
= 500000 - 200000 - 100000
= $ 200,000.
Conclusion :- Value impact as to non-compliance = $ 200,000.
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