NVI Technical College Information

S COPE OF W ORK 7

S COPE OF W ORK The scope of work best defines the needs of the client(s) and intended user(s) of the report and dictates what factors an appraiser considered during the valuation process. The scope of work summarized below has been deemed acceptable as it meets or exceeds both the expectations of parties who are regularly intended users for similar assignments and what an appraiser’s peers’ actions would be in performing the same or a similar assignment. As such, the scope of work summarized below is deemed appropriate for this assignment based on its parameters and will produce credible assignment results. Additional scope details are included in appropriate sections of this report.

SCOPE OF THE INVESTIGATION Regional economic data and trends

General and Market Data Analyzed

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 Market analysis data specific to the subject property type  Published survey data  Neighborhood demographic data  Comparable cost, sale, rental, expense, and capitalization rate data  Floodplain status  Zoning information  Assessor’s information  Interviewed professionals knowledgeable about the subject’s property type and market Ronald K. Owens made an interior and exterior inspection of the subject property.

Inspection Details

Property Specific Data Requested and Received

PROPERTY DATA RECEIVED

Leases Previous appraisal CBRE Evaluation

Data Requested, but not Provided

DATA REQUESTED, BUT NOT PROVIDED

None

Data Sources

DATA SOURCES

Site Size Building Size Tax Data Zoning Information Flood Status Demographics Reports

Survey Previous Appraisal Assessor's Records Planning Dept FEMA Spotlight Costar/Subject Brokers Costar/Subject Brokers Current Owner

Comparable Improved Sales Comparable Improved Leases Lease

F OUR B UILDING I NDUSTRIAL C OMPLEX A PPRAISAL

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