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Cost Approach <br /> � The cost approach is particularly applicable when the <br /> property being appraised involves relatively new improve- I <br /> ments . Due to the age of the sub�ect of over 40 years, <br /> design, and condition, there would be great difficulty in <br /> properly measuring physical depreciation as well as func- � <br /> tional and external obsolescence. ' <br /> The cost approach is not considered to be a reliable value ! <br /> indicator for this property and is omitted. I <br /> i <br /> i <br /> I � <br /> il Market Data Approach ' <br /> �'' A survey was made for sales of properties which would <br /> ' attract a similar type buyer . Emphasis was put on those <br /> facilities which caombined office space with warehouse area. � <br /> The following were considered pertinent: I <br /> � <br /> � <br /> � <br /> � <br /> , <br /> ; <br /> i <br /> • <br /> I. <br /> � <br /> �� <br /> i: <br /> 1' <br /> I <br /> I i <br /> � <br /> 'I <br /> � <br /> li <br /> ; � <br /> ' i <br /> I <br /> i <br /> i i <br /> t <br /> i <br /> i <br /> i'I� i, <br /> i' <br /> II ,' <br /> I <br /> I, I: <br /> ii <br /> I� <br /> i' <br /> ! <br /> 16 � <br /> '� — ---- �i <br /> R�'.�HF�IS� - F�:.I�', /�,pPR^,�rrC <br />