Chapter 8

Industrial Building Appraisal Excerpts

The following are excerpts from an example of an industrial facility appraisal with some related commentary. It includes office space as well as manufacturing space. Most industrial facilities will have both.

Valuation of Real Property—Buildings and Structures

Real Property Description

The subject was constructed in 1997, with some additions made up to 2004. The buildings are mostly engineered steel construction, which are classified by the Marshall Valuation Service as a standard Class S heavy industrial manufacturing construction. This type of structure includes construction materials and characteristics common among industrial buildings. The improvements consist of a heavy steel I-beam frame, ...

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