We predict that in this decade, we’ll see the development of the Urton Lane Corridor and the Rehl Road Interchange area as the next big areas for commercial development in Louisville, KY. Urton Lane is a winding, narrow, 2-lane road that runs from Shelbyville Road around to North Pope Lick Read more
Appraising Income-Producing Properties. Rents Tell The Story I started appraising in 2003, like a lot of appraisers. This was the boom time for mortgage lending which eventually led up to the 2007-2008 crash and subsequent 5-year recession. One thing I learned is to cross-check yourself and your thinking. When we appraise income-producing properties, you Read more
As appraisers, we are permitted by USPAP to write two different types of reports: Restricted Appraisal Report or Appraisal Report. The method we are supposed to use when valuing a property is in two stages: Development and Reporting. Development means that we do all the research necessary to determine a Read more
Recently, we worked on a vacant land appraisal in Louisville, KY. So, how do I value this parcel? I’ve said many times before that land is the hardest to appraise. How do I attack this problem? Is it a nice homesite for one big house, five big houses, or is Read more
Commercial appraisers are faced with appraisal assignments regularly that involve net leased properties. So, what is a net leased property? Well, it is a property leased by a national tenant for an absolute no-expense arrangement to the property owner. This means that Joe Property Owner, for example, signed a 20-year Read more
How to know when to pick the correct technique, because they are both loads of fun! For commercial investment appraisal, most participants, such as appraisers, brokers, realtors, lenders, VC, buyers and sellers understand that rental income or selloff income is the primary driver to determine the value of an asset. Read more
Real Estate Growth In Portland The northwest end of Louisville, Kentucky is seeing redevelopment Everyone in Louisville is familiar with Nulu. It is east of downtown Louisville (also called the CBD or Central Business District) and west of the Highlands and Butchertown. It’s located between Jefferson and Main and Preston and Read more
Redevelopment Of Hurstbourne Business Park If you’ve been watching the news, you know that a major intersection in the east end of Louisville is getting a significant change. The redevelopment of Hurstbourne Business Park. The Hurstbourne Business Park is where the “flashcube” building is at the southwest corner of Hurstbourne Parkway and Shelbyville Read more
Ca$h Pad & Short-Term Rentals (STR’s) Appraisals I’m a fan of The Profit with Marcus Lemonis. I think he has a great ability to explain a particular business or industry in simple terms so everyone can understand. Now, CNBC has launched a show called Ca$h Pad with JoJo Fletcher and Read more