Building
Answer as many as you can about the building.
Stories
One story of retail space (or one story with basement storage or work space)
Two levels of retail space
Three or more stories of retail space
Building quality
Storefront style (building fronts on sidewalk)
Setback style (parking lot at front, building to rear)
Other style
Steps
Steps up or down for access into retail space
Handicap
Handicapped accessible
Not handicapped accessible
Partially handicapped accessible
Don't know if handicapped accessible
Quality
New or updated building
Average quality building
Older building with few or no updates
Miscellaneous
Broken glass
Roof leaks
100% air conditioned building
Party wall with adjacent building(s)
Basement under all or most of the building
Extra land for expansion
Parking
Good parking (on site or in public lot)
Street parking only
No parking on site or within a block
Water
Municipal water
On-site drinking water well
Don't know
Sewer
Municipal sewer
On-site septic disposal system
Don't know
Neighborhood
Check off any that apply about the neighborhood.
Commercial Proximity
Isolated location (no other commercial uses nearby)
Small pocket of three or four commercial buildings
Commercial uses scattered along the same road as this property
Property is at a concentration of commercial buildings
Vacancies
Vacant stores nearby
Most or all nearby spaces are occupied
Check off any of these that are within a one-minute walk on the same road as this property.
Chain or franchise commercial occupant(s)
Super market(s)
Department store(s)
Restaurant(s)
Bank(s)
Medical office(s)
Coffee shop(s)
Movie theater(s)
None of the above
Car Traffic
High traffic (multiple lanes in each direction; difficult to cross on foot except at light)
Moderate traffic (steady traffic; can cross on foot without light)
Light traffic (occasional cars; easy to cross on foot)
Congested road; traffic backs up
Other
Highway interchange nearby
Subway or train stop nearby
Bus stop nearby
Exposure to Traffic
Good exposure (building or sign easily seen from road)
Obstructed exposure
Little or no exposure (for instance, located on a back street)
Access for Cars
Easy access from road to parking spaces
Difficult access from road to parking spaces
Other (for instance, no on-site parking)
Divided highway; access from only one side of road
Foot Traffic (people on foot, on the sidewalk beside the street)
Foot Traffic (people on foot, on the sidewalk beside the street) - "Heavy" foot traffic is the kind of pedestrian traffic you find in the best shopping locations at an urban center, like Newbury Street in Boston or Fifth Avenue in New York City. "Moderate" foot traffic is the kind of pedestrian traffic you find at older town centers and village centers in the suburbs, where people park on the street and walk past other stores to get to the one they are going to. "No" foot traffic is what you find at a retail plaza that has its own parking in front, where shoppers can pull right up in front of the store they are going to and don't need to walk past other stores.
Moderate foot traffic (typical kind of foot traffic at older suburban downtowns)
Light foot traffic (occasional pedestrians passing stores)
No foot traffic (for instance, everyone comes by car)
Income
High income community
Middle income community
Low income community
$ - Financial
Check off any that apply to the building:
Tenants
Building is set up for one occupant (either tenant or owner)
Two occupants (either tenants or owner)
Three or more occupants (either tenants or owner)
Occupancy
A restaurant is an occupant
A doughnut shop or coffee shop is an occupant
A drug store is an occupant
A bank branch is an occupant
A convenience store is an occupant
Day care center/preschool is an occupant
Auto repair/garage is an occupant
Auto sales company is an occupant
High Credit Tenants
High credit tenant(s) (national chains, banks, etc.) occupy 10% to 25% of the space
High credit tenant(s) (national chains, banks, etc.) occupy 25% to 50% of the space
High credit tenant(s) (national chains, banks, etc.) occupy 50% to 75% of the space
High credit tenant(s) (national chains, banks, etc.) occupy 75% to 100% of the space
No occupancy or minor occupancy by high credit tenants (less than 10% of the space)
Vacancy
Building is vacant
Part vacant
Full
Would a new owner be able to take occupancy of 50% or more of the building?
Yes
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 $25.00 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?
Don't Know
If they were paying market rent, would the tenant(s) make additional payments for some or all of the building's expenses?
No
Don't know
Yes, for these
Electric
Heat
Water and/or Sewer
Real estate taxes (100% by tenants)
Property Insurance
Maintenance (trash removal, slow plowing, repairs, etc.)
Management
General and administrative (accounting, legal, advertising, brokerage, 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)
Heat (annual)
Electricity (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, annually, if any)
Administrative costs (legal, accounting, broker, advertising, etc.)