Check off any that apply about the office space.
Standard office finishes (mostly carpeted floors, painted drywall walls, suspended ceilings)
Carpet needs replacement
Damaged ceiling tiles
Low cost trim and doors
High quality trim and doors
Low quality space
Average quality space
High quality space
Good quality lavatories (new, ceramic tile)
Average quality lavatories (vinyl tile)
Inferior lavatories (need updating)
Good lobby (stone tiles, double height, etc.)
Building has elevator
Low-rise (1 or 2 stories)
Mid-rise (3 to 6 stories)
High-rise (7+ stories)
Adequate parking on-site
Public parking nearby
No parking or minimal parking
On-site drinking water well
On-site septic disposal system
$ - Financial
Building has one occupant (either tenant or owner)
Two occupants (tenants including owner)
Three or more occupants (tenants including owner)
Building is vacant
Would a new owner be able to take occupancy of 50% or more of the building?
No What is the Market Rent, overall, for space in this building? (This will help us give you a more accurate Value Output. This is a rate per square foot per year. This might be the same rate that other owners are getting for similar space nearby - say, $12.00 per foot, or $20.00 per foot.)
Please use a decimal format, e.g. 12.00, 13.50
Don't Know If the building has other sources of income (billboards, antennas, parking that is rented separately, etc.), how much does it add up to per year?
**Answer this question only if you input the Market Rent in the preceding question.
If they were paying market rent, would the tenant(s) make additional payments for some or all of the building's expenses? (This is typical in net leased buildngs or "triple net" leased buildings where the tenant(s) pay for utilities, real estate taxes, insurance, and, sometimes, maintenance, or other expenses.)
Yes, for these
Water and/or sewer
Real estate taxes (100% by tenants)
Maintenance (trash removal, slow plowing, repairs, etc.)
If you know any of the operating expenses, enter them here. (A good source of the information would be a broker's listing sheet or, if you're the owner, last year's tax return.) If you don't have them, leave the boxes empty.
Real estate tax (annual bill)
Property insurance premium (annual)
Water and sewer bill (annual)
Maintenance and repairs (annual) - trash removal, snow removal, repairs, extermination, cleaning, security, supplies, maintenance staff salaries, etc.
Management (the fee paid to a building management company, if any)
Administrative costs (legal, accounting, broker, advertising, etc.)