Michael Wolff Real Estate Appraisal Services
Appraisal Projects
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Just Compensation for Right-of-way |Prescott |33 vacant land sales adjoining busy streets |Slope, drainage, & temporary easements. Cost to cure analysis. |Fee simple vacant commercial land |Market |Total impact (just compensation) = $6,000 |Estimate just compensation, i.e. impact of taking upon the whole property |City or Town

Just Compensation for Right-of-way |Prescott |33 vacant land sales adjoining busy streets |Cost to cure analysis of slope/drainage easement |Fee simple vacant commercial land |Market |Total impact (just compensation) = $32,000 via cost to cure analysis. |Estimate just compensation, i.e. impact of taking upon the whole property |City or Town

School & Repair Facility, together & separately |Central Yavapai County |68 vacant, 21 improved |Residual analysis, estimated rents & expenses, self-contained report + executive summary |Land + various buildings |Cost & residual  market & income|Value ranges developed. Final total =$1,750,000; bus only = $400,000; school only = $1,440,000 |Estimate market value for possible sale or trade |School District

Residential lot at .69 acres versus 1.6 acres |Prescott region |50 vacant lots |Retrospective value. Although improved, appraised as vacant. |Fee simple at two sizes. |Market |.69 ac = $37,000 1.6 ac = $45,000 |To resolve dispute between buyer & seller |Private party

22 lot subdivision |Prescott |151 vacant subdivision lots |Discount cash flow (DCF) used derive final bulk value. |Fee simple |Market, income & DCF |$690,000 plus individual retail lot values |Estimate bulk sale value of all 22 lots sold at once |Private party

Condemnation Database Update |Prescott |25 residential & 19 commercial vacant |Graphical analysis of price relative to size |Partial takings of fee simple |Market |Residential & commercial vacant value ranges |Update real estate market data for Willow Creek Road |City or Town

Supplement To Industrial Vacant Land |Prescott |na |Point by point response to reviewer comments with source citations. |74 acres vacant; fee simple adjacent to airport |na |No change from original report. Grid analysis performed. |Respond to review appraiser comments. |City or Town

Just Compensation Appraisal |Prescott |19 vacant land sales |Use = residential; partial takings analysis |Right-of-way acquisitions + slope, drainage, & temporary construction easements |Market, Cost, & Income |Total impact (just compensation) = $7,000 |Estimate just compensation, i.e. impact of takings upon the whole property|City or Town

Industrial Vacant Land |Prescott |65 vacant through out region |Poor access; unusual shape; highest & best use analysis|74 acres vacant; fee simple adjacent to airport |Market |$100,000 as is |Estimate market value |City or Town

Just Compensation Appraisal|Prescott |19 vacant land sales |Use = equipment stg; zoning = residential; underlying values; partial takings analysis |Right-of-way acquisitions + slope, drainage, & temporary construction easements |Market, Cost, & Income |Total impact (just compensation) = $12,500 |Estimate just compensation, i.e. impact of takings upon the whole property |City or Town

6 Acres Vacant Land |Dewey area|35 vacant sales ranging from 2 to 48 acres |Statistical & regression analysis developed. |Residential with mobile home, appraised as vacant |Market |$48,000 |Estimate market value |Mortgage Lender

Condemnation Property Value  Database |Prescott |44 vacant lots fronting busy strts, residential/commercial |Value components developed for slope, drainage, & temporary easements |Fee simple for partial takings and easement impacts |Market and judgment |Residential & commercial vacant value ranges |Create analytical tool for right-of-way acquisitions |City or Town

9 Acres Vacant Land |Prescott western area |37 vacant |Water & lot split issues; regression; development trends |Fee simple |Market |$252,000; most probable range $26-$28,000 per acre |Estimate market value |School District

Office Com-mercial Building |Prescott area |15 vacant; 22 improved |Historic, environmental  & floodplain issues; regression analysis |Fee simple |Cost & market; income excluded |$970,000; cost = $866,000 to $1,407,000; market =$819-$982,000|Estimate market value |School District

Multi-Family Lots |Prescott |20 vacant lots |Highest & best use issues; regression |Fee simple vacant lots |Market |$90,000; most probable range: $71-107,000 |Estimate market value |School District

19 Acres Vacant Land|Prescott, eastern area |16 vacant land |Water & lot split issues; regression; development trends |Fee simple vacant land |Market|$362,000; most probable range: $343-382,000 |Estimate market value |School District

Commercial Building (auto repair) |Prescott Valley region |11 vacant lot sales |Marshall & Swift data + local phone survey of contractors |Fee simple |Cost |Vac =$61-67,000; total replacement cost =$129-$155,000. |Estimate value by way of Cost Approach |Private party

Coin operated carwash |Central Yavapai County|10 vac lot comparables; 1 improved sale; contract for sale |Multiplier analysis of net income; creative analysis of disparate data|Fee simple; land, improvements, & business as part of real estate |Cost, market, & modified income |$235,000 |Estimate market value of real estate |Local bank

8 quarter sections of land |Central Yavapai County |29 vacant comparables |Land split rules; AMA water issues; floodplain issues; growth trends |Fee simple land; apx. 160 acres each |Market |$2,500 - $3,000 per acre; total = $2,856,000|Estimate market value |Private party