3. You need to estimate the current replacement cost of a subject retail property with 23,600...
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3. You need to estimate the current replacement cost of a subject retail property with 23,600 square feet. A comparable retail and office property with total combined floor area of 56,000 square feet was built one year ago. The retail portion of the comparable asset was built for $493,000. Cost escalation over the past year has been 3%. The office portion of the comparable property has a floor area of 31,800 square feet. What is the estimated replacement cost of your subject property today? 3. You need to estimate the current replacement cost of a subject retail property with 23,600 square feet. A comparable retail and office property with total combined floor area of 56,000 square feet was built one year ago. The retail portion of the comparable asset was built for $493,000. Cost escalation over the past year has been 3%. The office portion of the comparable property has a floor area of 31,800 square feet. What is the estimated replacement cost of your subject property today?
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