Laserfiche WebLink
OFFICE BUILDING: <br /> (The following cost information is based on the Marshall & Swift Cost Service Handbook -- Average <br /> Class D Office Building, Section 15, page 17 (June 1997): <br /> MARSHALL SWIFT VALUATION SERVICE COST <br /> ESTIMATE — OFFICE BUILDING <br /> Price per Square Foot $5337 _______ <br /> ADJUSTMENTS TO BASE COST /SF: <br /> Add: extreme climate heat $325 <br /> Adjusted Basis before Multipliers: $56.82 <br /> MULTIPLIERS: <br /> Story Height 1.00 <br /> Floor Area Perimeter 1.00 <br /> Current Cost 1.07 <br /> Local Multiplier 1.11 <br /> Gross Effective Multiplier 1.188 <br /> Adjusted Base Cost Per SF $67.50 <br /> Building Area 1,020 s f J ' <br /> Total Base Cost $68,850 <br /> Soft Costs and developer profit is based on 6% of <br /> $68,850 or $4,131 $72,981 <br /> Total Building Cost: $72,981 <br /> Rounded to: $73,000 <br /> Total Accrued Depreciation: <br /> Physical Deterioration:-- - <br /> Physical depreciation can be estimated many ways, in this instance the age /life method of <br /> estimating physical depreciation is used. This is based on the Depreciation Section of <br /> Marshall Valuation Service, which indicates the subject has a life expectancy of 45 years. <br /> The subject's estimated effective age is less than the chronological age of 21 years, say 15 <br /> years. As such, the subject has accrued 33% physical depreciation. <br /> 10 <br />