With 30 years experience, and the MAI, ASA, SR/WA, CCIM appraisal designations, Valentine Appraisal & Associates is an expert Real Estate Review Appraisal Firm and a leader in Los Angeles commercial appraisals, appraisals in Orange County, Kern County expert appraisals and eminent domain valuations. Areas Served Include: Acton, Agoura, Agoura Hills, Agua Dulce, Alhambra, Altadena, Arcadia, Arleta, Artesia, Avalon, Azusa, Baldwin Hills, Baldwin Park, Bassett, Bell, Bell Canyon, Bell Gardens, Bellflower, Beverly Hills, Box Canyon, Bradbury, Burbank, Calabasas, Calabasas Hills, Canoga Park, Canyon Country, Carson, Castaic, Century City, Cerritos, Chatsworth, City of Commerce, Claremont, Commerce, Compton, Cornell, Covina, Crystalaire, Cudahy, Culver City, Del Sur, Diamond Bar, Downey, Duarte, East Los Angeles, East Rancho Dominquez, El Monte, El Segundo, El Sereno, Elizabeth Lake, Encino, Firestone Park, Flintridge, Gardena, Glassel, Glassel Park, Glendale, Glendora, Granada Hills, Hacienda Heights, Hansen Hills, Harbor City, Hawaiian Gardens, Hawthorne, Hazard, Hermosa Beach, Hi Vista, Hidden Hills, Highland Park, Holly Park, Hollywood, Huntington Park, Industry, Inglewood, Irwindale, La Canada Flintridge, La Crescenta, La Hara Heights, La Mirada, La Puente, La Verne, La Canada, Lake Hughes, Lake Los Angeles, Lake View Terrace, Lakewood, Lancaster, Lawndale, Leimert Park, Lennox, Leona Valley, Lincoln Heights, Littlerock, Llano, Lomita, Long Beach, Los Angeles, Los Angeles Air Force Base, Los Nietos, Lynwood, Malibu, Manhattan Beach, Marina Del Rey, Maywood, Mirada, Mission Hills, Monrovia, Monte Nido, Montebello, Monterey Park, Montrose, Mount Baldy, Mount Wilson, North Hills, North Hollywood, Northridge, Norwalk, Oak Park, Oakwood, Pacific Palisades, Pacoima, Palmdale, Palos Verdes Estates, Rancho Park, Redondo Beach, Reseda, Ritter Ranch, Rolling Hills, Rolling Hills Estates, Rosemead, Rosewood, Rowland Heights, San Dimas, San Fernando, San Gabriel, San Marino, San Pedro, Santa Clarita, Santa Fe Springs, Santa Monica, Saratoga Hills, Saugus, Sepulveda, Sherman Oaks, Sierra Madre, Signal Hill, South El Monte, South Gate, South Pasadena, Stevenson Rancho, Studio City, Sun Valley, Sun Village, Sunland, Sylmar, Tarzana, Temple City, Thousand Oaks, Toluca Lake, Topanga, Torrance, Tujunga, Universal City, Val Verde, Valencia, Valley Village, Valyermo, Van Nuys, Venice, Verdugo City, Vernon, View Park, Walnut, Walnut Park, Watts, West Covina, West Hills, West Hollywood, West Los Angeles, West Toluca Lake, Westchester, Westlake Village, Whittier, Wilmington, Windsor Hills, Winnetka, and Woodland Hills.
Transportation Corridors
A transportation corridor is a long, narrow strip of property that includes surface, subsurface, and air rights. It often connects two or more areas restricted to surface, subsurface, and air rights, for the deportation of goods and passengers.
Some examples of transportation corridors are: railroad and mass transit lines, public and private roads, pipelines, including oil, gas, water, and sewer lines, fiber optics, pedestrians pathways, aqueducts and canals, television cables, and electrical transmission lines.
How to Appraise a Transportation Corridor
There are different methods that can be used when appraising a transportation corridor, including Replacement Cost New Less Depreciation (RCNLD), Corridor Value (CV), Sales Comparison Approach, Across the Fence Value (ATF), Net Liquidation Value (NLV), and Going Concern Value (GCV). [1]
Replacement Cost New Less Depreciation (RCNLD) is based on the principle of substitution and is more commonly referred to as the “cost of assemblage.” It includes the cost of the part taken, appraisal costs, negations costs, title costs, grading costs, project management costs, and the acquisition and demolition of buildings. According to Dolman and Seymour, this cost can range from two to six times the Across the Fence (ATF) value. The Court of Appeals in People v. Southern Pacific Transportation Company (1978) held that “the cost of reproduction is an acceptable approach to a determination of just compensation.”
When several similar commensurate commodities, goods or services are available, the one with the lowest price attracts the greatest demand and the widest distribution. Corridor Value … Read the rest
The act or process of developing and communicating an opinion about the quality of another appraiser’s work.
