Appraisal of the Provident Building, located at 126 South Hamilton Street, Madison, Wisconsin
Source:
Landmark Research, Inc.
Appraisal of the Provident Building, located at 126 South Hamilton Street, Madison, Wisconsin
October 2, 1992
URL to cite for this work: http://digital.library.wisc.edu/1711.dl/RealEstate.LRProvident
Contents
[Letter to Mr. Douglas Timmerman], Larkin, Dean P.; Davis, Jean B.
Summary of salient facts and conclusions, pp. 1-2
Scope of the appraisal, pp. 3-4
Purpose of the appraisal, p. 4
Definition of market value, p. 5
Property rights appraised, pp. 5-6
Use of the appraisal, p. 6
Identification of the property, pp. 6-7
Property history, p. 7
Area analysis, pp. 7-12
Neighborhood analysis, pp. 12-21
Office market analysis, pp. 21-35
Zoning analysis, pp. 36-39 ff.
Real estate assessment and taxes, pp. 40-41
Site description and analysis, pp. 42-44
Improvements-description and analysis, pp. 44-52
Highest and best use, pp. 52-61
Valuation, pp. 61-62
Land valuation, pp. 62-65
The cost approach, pp. 66-67
The sales comparison approach, pp. 67-73
The income capitalization approach, pp. 73-86
Reconciliation and final value estimate, p. 87
Certification of appraiser, p. 88
Assumptions and limiting conditions, pp. 89-90
Appendix C: Summary-state of Wisconsin office leases
Appendix D: Public parking information-downtown Madison
Appendix G: Assessment analysis
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