Posted by rrSmith on November 12, 2000 at 10:54:16:
Yes, there are books on appraisal and you can pull the comps, you can try for equivalent square footage, plus or minus special features, but in the end (like stocks, classic cars, stamps, etc.)supply//demand set the value.
PEOPLE (and what they think it is worth)
trade in investments and liquidity can get to be a problem.
For example large special projects in the country that have been converted to higher use, Ben & Jerry?s ice cream site, Microsoft Woodinville site, vineyards, U pick It berry sites, dog kennels, etc. used to be raw land then transcended residential and small commercial to small industrial (strength) real estate. So yes there are guidelines (SEE COMMERICAL SITE) but in the end you might have liquidity or unique ness problems.