Question: Complete a cost approach valuation using the following information: The subject is a 215,000 SF warehouse building (6% of the total square footage has office

Complete a cost approach valuation using the following information: The subject is a 215,000 SF warehouse building (6% of the total square footage has office build-out). The property has a 430,000 SF parking lot on a 19.70-acre lot. Land values in the area are $1.85/SF of land. Hard costs = Warehouse building construction: $63.00/SF of building Interior office build-out: Additional $82.00/SF of building for the square footage of the building with office build-out only (so, a total of $145/SF for the portion of the building that has office-build out) Parking lot = $7.25/SF of parking lot Soft costs = 12% Entrepreneurial incentive = 15% Effective age: 6 years Economic life: 50 years Round your final value to the nearest $10,000. Round all other answers to the nearest dollar. What are the following? Hard costs for the building, in whole dollars: Hard costs for the office build-out, in whole dollars: Hard costs for the parking lot, in whole dollars: Total hard costs, in whole dollars: Soft costs, in whole dollars: Entrepreneurial incentive, in whole dollars: Replacement cost new, in whole dollars: Replacement cost new, in $/SF: Depreciation, in whole dollars: Depreciated building cost, in whole dollars: Land value, in whole dollars: Land value, in $/acre: Value from the cost approach, in whole dollars: Value from the cost approach, in $/SF:

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