is there a claculation to determine the value of an access/easement to a multi-tenant commercal property?

Property is in Clark County WA, has two driveways. The State wants to take one. Says that the access is of no value and losing it will not adversely affect the remainder of the property.
In Selling Property - Asked by Don R. - Mar 15, 2013
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Answer(s)

Michael C.
Broker/Agent
San Leandro, CA

Don, You may want to Contact An Appraiser to get an Opinion of Value Letter. The state has their own appraisers to determine property value whenever they take property for the benefit of the community. What is the current use of the property? "Multi-tenant commercial is generic". Is that the "highest and best" use? will it ever be improved beyond what its current use is? Why does the state want it? Are they planning something in that area? Are they willing to compensate the property owner? Or just take it over?
If you are the owner or represent the owner, have they provided an Opportunity To Appeal any claim they make about value with your own supporting values. Good Luck

Mar 22, 2013
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Charlie B.
Broker/Agent
Rancho Cucamonga, CA

My experience has been in the past when negotiating easements from others and public agencies, you would take the value of the land via an appraiser and specific needs, lets say $5 psf, and you would lease this value at 10% of the value of the land for a set period of time with associated options, say 5 years with 3-5 year options, CPI increases of 2.5%.

Apr 7, 2013
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