Sunday, November 26, 2017

SkylineValue Helps Break-down the Monolithic Office Classes

Class-A Max

Class-A Mid

Class-A Min
(Click on the image to enlarge)
The traditional commercial appraisal requires that office properties be classified into one of the following three broad categories: A, B or C. In reality, the classes are not that monolithic. On the contrary, there is significant diversity within each class, requiring sub-classifications.

That is why, we developed the SkylineValue office valuation system with three additional sub-classes (Max, Mid and Min) within each class, offering our users the flexibility to identify the class more precisely with a sub-class, leading to more meaningful and statistically significant valuations.

The above graphics show how the differentiation takes place. Though these are all Class-A properties with similar basic attributes (size, type, age and office tenancy), there are significant qualitative differences (sub-location, land, parking, view and type of retail) that vastly differentiate them even within this monolithic office class, resulting in large price variations. In addition to the World Class Retail (on the ground floor) and View (generally waterfront), Trophy and Class-A Max properties tend to be on Over-sized lots with better Parking facilities. Therefore, lumping all of them together simply defies meaningful market valuations.

I picked the above graphics from SkylineValue.com, a "quick look" office valuation site I own and operate, to avoid having to deal with any copyright issues. It produces such valuations in less than 60 seconds each. The site is mobile-friendly so no additional Apps are needed. It's totally FREE and NO login/registration of any sort is required. 80 Major Office Markets in the US and Canada are currently covered.

Just click on the market of your choice on our homepage and follow the prompt. If you need help, use 'TRY IT' from the homepage. Here is the link to SkylineValue.com:


What the Experts are Saying:
“I checked out SkylineValue.com and I have to say that its awesome.  This is a classic case of good things come in small packages.  I was excited to see that the Long Island market is included.  I could see this being a very handy tool for investors, appraisers, portfolio managers or just average Joe’s who like to dabble in Commercial real estate.   For my own purposes, I selected different parts of Long Island and different sub groups of properties and I was astonished at how much flexibility and how quickly I was able to retrieve accurate values without the need for full blown work ups.  The fact that I can get a valuation right on my device in about 60 seconds is a breath of fresh air.  I will be using SkylineValue regularly!”     

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