Real Estate Appraisal
McRoberts & Company has been valued a multitude of properties including land, investment-grade real estate and special-purpose properties. This has included condemnation, ad valorem market value / equal and uniform, bankruptcy, air rights, subterranean rights, rent studies, long-term ground leases, market studies, feasibility studies and the evaluation of construction defects.
Condemnation: Highway right-of-way, street widening, corner clips, flood-way easements, power line easements, pipeline (Water, Natural Gas and Petroleum) easements and access easements
Bankruptcy: Texas Rangers parking lots, Frisco Square, retail center in Plano, TX and hotels in Dallas, East Texas and Murray, KY
Air Rights: Baylor Hospital / City of Dallas for a sky bridge connection over Hall Street linking Jack and Jane Hamilton Heart and Vascular Hospital and Baylor Medical Center. Additionally, three sky bridges in Dallas’ CBD. A public walkway through a CBD building between the Joule Hotel and Neiman Marcus, linking Main and Commerce Streets.
Subterranean Rights: The land below Federal Street, which traverses the first floor of the 33-story Harwood Center at 1999 Bryan Street, is in downtown Dallas. Victory Park – grade and below grade access ramp serving the subterranean area of American Airlines Center.
Parking Rights: Third Rail Lofts (City of Dallas public parking / resident parking), 1,271-space, $33 million parking garage at Victory Park, The Tower (City of Fort Worth public parking / resident parking), Lewisville restaurant.
Rent Studies: City of Dallas (parking garages), HUD and Dallas Housing Authority.
Ground Leases: One Main Place, 1600 Elm Street (former LTV Tower), the Tower Building and 5950 Royal Lane Preston Royal shopping district
Market Studies: Assignment involved an extensive market study for one of the Bass Family companies for internal use in deciding whether to go forward in developing Fort Worth’s first high-rise condominium building. The study included a demand forecast, based upon demographic information, housing product and land use patterns in Fort Worth. It also involved an extensive study of urban residential communities in Denver, Dallas, Houston and Austin.
Feasibility Studies: A market study / feasibility study for Pensionenfonds Stork, a Dutch pension fund, relative to a proposed urban condominium community in Dallas. The study involved examining both the townhouse and condominium market in Oak Lawn and many other factors relative to the urban housing market in order to assist Pensionenfonds Stork in forecasting the success of a proposed development they were considering for an equity investment.
Construction Defects: 700,000 SF shopping center, Las Colinas office and special- use property, Collin County Coroner & Medical Examiner building.