If you've considered purchasing a car wash in Kentucky you may have noticed...there's blood on the streets. To put it in less graphic terms, these types of properties haven't fared well under recession conditions. Reliable statistics for car wash facilities are frustratingly difficult to locate but here's one from an appraisal I'm just wrapping up … [Read more...]
Tax Consulting Appraisals
I once saved a man over a million dollars in - Cold. Hard. Cash. That's real money. So...how'd I do it? Here's the deal. The client inherited from his son's estate a number of inland hotels on the Mississippi Gulf Coast. The Internal Revenue Service asserted that the value of his motels was based on the market price of corporately owned … [Read more...]
Supporting an Equity Dividend Rate
Support in a Commercial Appraisal Try as you might. You will never reduce the process of appraising real estate to a science. But you can provide more support for your reasoning in a commercial appraisal report. For example, I was recently asked to provide additional support for an equity dividend rate in an appraisal report of a large … [Read more...]
Location, Location, Location – Appraising Commercial Properties in Kentucky
If you're old school (and I am), you'll recognize the phrase that serves as the title to this post. It answers the question to the three most important factors in buying real estate - location, location, location. True enough, I've found it to be true in my own real estate investment decisions. Buy something in a BAD location and you'll see what I … [Read more...]
Commercial Real Estate Marketing
If you've been on a road trip with yunguns you've probably done it yourself...scanned the horizon along the interstate for those unmistakable golden arches. Without question, McDonald's has capitalized on the importance of signage. Signage serves as a guide for customers to find your business. In … [Read more...]
Appraising Poultry Farms in Kentucky
The Demand for Poultry Did you realize that the average consumption of chicken has more than tripled since 1960 to around 86 pounds of chicken per person? Before crying 'fowl' you should read this article by James M. MacDonald, an expert on broiler production in the United States. His article, written for the United States Department of … [Read more...]
Multifamily Apartments in Elizabethtown, Kentucky
In the process of pursuing my MAI designation I am working to evaluate the supply and demand for apartments in Elizabethtown. To date, I have identified 69 apartment projects and around 1,500 individual units. This, my friends, is a monumental task...now back to work! Russell Photo Credit … [Read more...]
MAI Appraiser | Louisville, Kentucky | Russell Roberts
MAI Appraiser | Louisville, Kentucky Russell Roberts is a commercial real estate appraiser living in the Louisville, Kentucky, metropolitan area. He provides commercial property appraisal and consulting services in Indiana, Kentucky, and Tennessee, and has the highest possible credentials for a commercial real estate appraiser - the MAI … [Read more...]
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