In-active/NITU Corridor Appraisals in Southeast

Agreement Directed NLV Appraisal & Market Value Appraisal

THE MARKET

Class I Railroad & Real Estate Holding Company for State University

THE REGION

Southeast (Rural)

INTENDED USE

Negotiation with Lessor for Sale of Corrifor (NLV) and Negotiation with Owner for purchase of corridor

OUR SERVICES

  • Net Liquidation Valuation

  • Title review

  • GIS Mapping

  • Market Corridor Valuation

THE CHALLENGE

The first valuation of 38 miles of in-active corridor was for an option to purchase based on the net liquidation value of the corridor.

The second valuation was a market value appraisal of 6.5 miles of the 38 miles, which was purchased by a real estate holding company.

THE SOLUTION

1.) The NLV appraisal involved review of title, delineation of the fee-owned parcels, and valuation based on the assumption that a single entity would purchase the fee-owned parcels in order to market for sale to others. We utilized the subdivision development analysis technique to accomplish the valuation.

2.) The market value appraisal involved a portion of the corridor purchased based upon the NLV. This HBU was for continued corridor use for recreational trail purposes, with the future possibility for alternative transportation uses serving the university.

Railroad track in a thick white fog, for

SAY HELLO

CONNECT WITH RMI

Have a property or project you want to discuss? Our team of valuation experts can help you find the data you need to make well-informed decisions and move forward with confidence.

LEARN MORE

GET TO KNOW RMI VALUATION

We mix market research with GIS-backed data to create quality appraisals that give you the tools you need to make the most of your transactions.