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Re: Scott Pettifer, MAI, AI, Flying Blind or Blind as a Batt

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Posted by Cochise on March 20, 2008 at 14:20:36:

In Reply to: Re: Scott Pettifer, MAI, AI, Here Come the Judge! posted by Cochise on March 20, 2008 at 14:14:43:

It sounds from your post that there must be a formula (cap rate?) in the lease to apply to the value of the market land to get the required rental rate. If that is true, then this is just a land appraisal subject to the conditions stated above and you would have no need for comp ground rentals that you say are rare.

Flying blind.


Steven Santora
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