Public acquisition valuation
Right-of-Way & Public Acquisition Appraisals
Partial Takings, Easements, Corridor Projects and Before-and-After Valuation
Berkson Appraisal Service provides narrative appraisal analysis for public acquisitions and right-of-way assignments involving fee acquisitions, easements, partial takings and impacts to the remainder property.
Acquisition analysis
Right-of-Way and Public Acquisition Assignments
Public projects can affect real property through acquisition of an entire parcel, a partial fee interest, a permanent easement, a temporary construction easement or another property right.
Where only part of a property is acquired, the valuation problem may require analysis of the larger parcel, the value of the part acquired, and the effect of the acquisition and project on the remainder property.
Narrative reporting
Before-and-After Valuation
For appropriate partial-acquisition assignments, the appraisal may analyze the property in the before condition and the remainder in the after condition, with consideration of changes in access, utility, site configuration, improvements, parking, drainage, visibility, development potential and other relevant market factors.
The scope of work is tailored to the property rights involved, the acquisition documents, applicable appraisal requirements and the specific valuation problem.
Representative matters
Assignments May Include
- Roadway widening and transportation projects
- Public right-of-way acquisitions
- Partial fee takings
- Permanent easements
- Temporary construction easements
- Utility and access easements
- Drainage and flood-control projects
- Before-and-after valuation
- Remainder property impacts
- Severance-damage analysis when applicable to the assignment
- Access and circulation changes
- Public-agency and property-owner valuation assignments
Property-specific analysis
Factors That May Affect the Remainder
Depending upon the assignment, relevant issues may include changes in parcel size or configuration, access, driveway geometry, parking, setbacks, site utility, visibility, drainage, flood conditions, landscaping, improvements, development potential and highest and best use.
These factors are analyzed to the extent they are relevant and supported by market evidence rather than assumed to result in either damage or benefit.
Information helpful to the appraiser
Documents Commonly Needed
- Acquisition or right-of-way plans
- Legal descriptions and exhibits
- Parcel and survey information
- Temporary and permanent easement descriptions
- Project plans affecting access, drainage or improvements
- Prior appraisals or acquisition documents, when relevant
- Requested effective date and applicable agency requirements
Discuss a Right-of-Way or Public Acquisition Assignment
Provide the property, acquisition documents, intended use, effective date and applicable project requirements.