The most accurate method to derive adjustments applied to comparable sales is to perform a multiple linear regression on a large body of sales. The question then becomes "How can I use the equation to adjust my comparable sales?" Well, it took me some time to figure this out but here's a spreadsheet that does just that. Here's a link to a page on … [Read more...]
Appraising Commercial Real Estate in Cities in Kentucky – Population Trends
Population migration has a huge impact on the value of commercial real estate in cities in Kentucky. It's a little saddening to watch the demise of various cities in rural Kentucky as their population gradually declines and local businesses are forced to close their doors. The phrase "Death by a Thousand Cuts" comes to mind. On the other hand, some … [Read more...]
Equity Dividend Rates – Downloadable Spreadsheet
An equity dividend rate, also known as cash-on-cash, is the annual rate investors expect to receive on their equity investment. For example, suppose I invest $10,000 and expect to receive $1,500 annually from an investment. The equity dividend rate may be calculated as: $1,500/$10,000 = .15 or 15%. There are a few different methods to estimate what … [Read more...]
Projected Population Growth of Kentucky Counties 2015 Through 2020
Below you will find a map depicting the projected change in population for each county in Kentucky from 2015 through 2020. No surprises here. … [Read more...]
Kentucky Counties – Ten Year Employment Growth Through 2012
Below you will find the ten year employment growth trend for the 120 counties in Kentucky. … [Read more...]
Counties in Kentucky – 2012 Median Household Income
Below you will find a map of the 2012 Median Household Income levels for the 120 counties in Kentucky. … [Read more...]
Kentucky Population Migration Patterns
Below, you will find a heat map depicting the movement of the population in Kentucky based on the change in the population for 418 different cities during the period from 2003 to 2012. … [Read more...]
Commercial Real Estate Appraiser in Louisville, Kentucky
Russell Roberts has devoted his entire career - spanning in excess of twenty four years - to gaining insight into the commercial real estate market. He has appraised nearly every conceivable commercial property type including industrial, retail, office, multifamily, land, special purpose properties, and more. He specializes in appraising commercial … [Read more...]
The