Analyzing the Industrial Building Appraisal
Industrial facilities that are functioning are often valued with a business income approach that captures the total value of the property, including buildings, land, machinery and equipment, and the value of intangibles such as goodwill, workforce in place, customer lists, and contracts.
However, if the appraisal does not utilize this approach, it will typically value the buildings, land, and machinery and equipment separately and then combine the estimates for a total value. If the property is valued in this manner, it will exclude intangible values, and it will use the methods discussed in this chapter to value the buildings.
Two Basic Categories of Industrial Buildings
Industrial structures ...