Tag Archives: appraisers
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The World’s Largest Basket: What the Longaberger Building Teaches Us About Appraising One-of-a-Kind Real Estate.
By Federal Appraisal LLC Few commercial properties capture attention quite like the former Longaberger Basket Building in Newark, Ohio. Standing seven stories tall and shaped exactly like the company’s iconic Medium Market Basket, the approximately 180,000-square-foot office building has become one of America’s most recognizable examples of novelty architecture. Today, after years of vacancy, ownership…
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Objective Analysis of the Budgeted Cost of the Proposed White House Ballroom
It has been reported that the proposed new ballroom at the White House will have an estimated cost ranging from $200 million to $300 million. For a space reportedly planned to be approximately 90,000 square feet, that equates to between $2,222 and $3,333 per square foot. How does this reconcile with typical market costs? Herein…
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Valuing Fantasy Series: Hotel Transylvania
By Federal Appraisal LLC | Fantasy Property Appraisal Division Property Overview Nestled deep within the Carpathian Mountains, Hotel Transylvania stands as one of the most successful examples of supernatural hospitality real estate in existence. Conceived and operated by Count Dracula himself, this towering Gothic resort caters exclusively to the undead, the monstrous, and the misunderstood….
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Navigating the “Go Dark” Appraisal Controversy: Federal Appraisal’s Research-Driven Expertise
In the intricate world of property valuation, not all scenarios are straightforward. Specialized properties—those uniquely designed and constructed for particular users or niche industries—often present appraisal challenges. Over the past two decades, a notable debate known as the “Go Dark Hypothetical” has emerged, causing considerable controversy among tax assessors, property owners, and valuation experts. The…