Appraisal of parking lot, currently leased to rental car agency. Appraisal conducted to assist the City of Seattle in purchase negotiations.

Parking garage currently under contract to sell. Buyer plans to install electronic equipment and change configuration from a 136 stall garage with an attendant on main level to an unmanned 119 stall garage. Property was valued using the Sale Comparison and Income Approaches. Determination of Highest and Best Use for the site included zoning analysis; an examination of land sale comparisons; and a survey of recent development on similar sites in the neighborhood.

Appraisal of a mid-block lot encumbered by a long term ground lease. This property is currently in the permitting process for a 40-story residential tower with below-grade parking and ground level retail. The Income Approach was used to estimate the value of the Leased Fee Interest. The Fee Simple Interest was also estimated, and used as a component in a Discounted Cash Flow Analysis.