Special-purpose properties are real estate assets uniquely designed for a specific use, often with limited adaptability to other functions without significant modification. These properties typically include religious facilities, schools, theaters, sports venues, amusement parks, and transportation terminals. Valuing special-purpose properties requires specialized knowledge of the property’s operational characteristics, income potential (if applicable), functional utility, and the presence—or absence—of comparable market data.
Valuation of a 1,609 seat music theater that is natioanlly known. The facility had just over 47,000 square feet and was built in 1996. Valuation instrumental in property tax proceedings.
Lancaster, PA
This was the valuation of a to be developed private school that would serve the local community. The development was on just over 2 acres of land and the completed building delivered in August 2018.
York County, PA
This was the valuation of a 9 acre development site with a former 11 story hotel that was to be repurposed and redeveloped with 1.038 million square feet of hotel, retail and casino gaming space. Our valuation was for internal planning and feasibility.
Philadelphia, PA
This was the valuation of a 498 unit timeshare development in the Pocono Mountains. The property was purchased for value add by an experienced time share operator. We uncovered a variety of issues related to the assessment of the over 700 parcels at the subject property in solving a variety of complex valuation issues.
Monroe County, PA
This was the valuation of a to be developed funeral home with crematorium that would serve the local community. The development was on just over 2 acres of land and is expected to be delivered in December 2025.
York County, PA
This assignment was of 8 parcels of agricultural land totaling 292.59 acres, and included 188,243 square feet of gross building area utilized as a children's camp. The total GBA included various lodging, pavilions, ampitheaters, fitness centers and gymnasiums, dining halls and recreation centers, offices, and much more. Valuation instrumental in property tax proceedings.
Wayne County, PA
