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Must-Read Tips to Appraise, Buy, and Sell Special Purpose Property [2021]

The Robert Weiler Company

Today, it is in the aforementioned neighborhoods that a special purpose property – buildings designed for one specific use – are being repurposed for new ventures. And, they too, face a variety of challenges unique to their designation. For instance, the property’s layout may be distinctive or it the building’s design one-of-a-kind.

Appraisal 158
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2024 USPAP For Appraisers

Appraisal Today

Perhaps that’s by design, in this case, to make the results more compelling. The market area that the property is located in can definitely support the price but does the price truly reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay?