When you think of Nashville, Tennessee what comes to mind? The "Batman Building," the stadium, or the Renaissance Hotel? All of these are part of the iconic skyline. But what about the history and the older buildings that are sprinkled around Nashville? Have you ever thought about how Nashville is not just this new and innovative city, but actually … [Read more...]
Cavemen, Commercial Appraisers, and Geographic Competence
The topic of geographic competence is all the rage these days among commercial appraisers. Here's why: The commercial appraisal industry is regulated by the Uniform Standards of Professional Appraisal Practice (USPAP). Understandably, USPAP specifies that an appraiser must be 'geographically competent' and become familiar with local market … [Read more...]
Happy Easter. We believe in the risen Christ.
I can't speak for everyone who works with me. But I believe that I speak for most when I proclaim that we celebrate Easter and believe in the risen Christ. If what we believe is true, the implications are staggering and impossible to fully comprehend. Those who penned scripture give us only fleeting glimpses of the magnitude of the events … [Read more...]
Price Trends for Office Space in Nashville, TN
This morning I'm working on an appraisal of a multistory office building in the West End area of Nashville, Tennessee. One indispensable tool for evaluating the market for office buildings is to create a trend line using actual sales in the area. Here's a trend line showing the per-square-foot price for office buildings in the Nashville area since … [Read more...]
Appraising for Tax Purposes
Tax season is here once again, which means you're probably gathering paperwork and looking at all of your income, assets, and other tax considerations. But are you looking at your properties? You should since the land and buildings that you own will be taxed. How do you prepare for real estate taxes? … [Read more...]
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