CCP 06022025 - Laserfiche WebLink

Home

Attachment 1 The subject trade fixtures also include certain items that can bemoved without undue effort and expense, but are unlikely to be usefulat another location.Examples of theseinclude the pass-through cabinetry in the shampoo room, the coffee cabinet/counter, a metal coil drape, the displayhutch/cabinet in the reception area, wood shelves in theutility room, and the exterior sign. The appraisal assumes the subject tenant improvements and trade fixtures remain in their current beauty salonuse. Thus, the appraisal does not include a highest and best use analysis. I inspected the subject property on October 23, 2024and December7, 2024. The most recent inspection date serves as the effective date of value. After considering the many factors influencing value, I conclude that the fairmarket value in continued use of the subject tenantimprovements and trade fixtures, as of December 7, 2024, is $143,760. ONE HUNDRED FORTY-THREETHOUSAND SEVENHUNDRED SIXTYDOLLARS The appraisal is made in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP). The appraisal is also made in accordance with the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute and the American Society of Appraisers. The attached written report, as described in USPAP Standards Rule 2-2(a), presents the findings and conclusions of the appraisal, and fully identifies the subject property. This letter of transmittal is not an appraisal report, and can only be understood in conjunction with the attached appraisal report. The appraisal report sets forth the most pertinent data gathered, the techniques used, and the reasoning leading to the opinion of value. The attached report should be read in its entirety. The appraisal is contingent upon the assumptions and limiting conditions stated in the report. It was a pleasure to assist you in this assignment. Should you have any questions after reading the report, feel free to contact me at your convenience. Respectfully Submitted, DODD ADVISORY & VALUATION LLC Clay M. Dodd, MAI, ASA Certified General Real Property Appraiser MN License No.: 20019812 - Page 3 - Qbhf!:7!pg!385