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TABLE OF CONTENTS
Introduction 2
Discussion of Analysis 2
Direct Capitalization Method 3
Debt Coverage Method 3
Discounted Cash Flow Method 4
Reconciliation of Value Estimates 5
Summary of Major Findings 6
Appendix
Sources 7
Data/Spreadsheet Output A?H
Introduction
The purpose of this report is to appraise the market value of the Old Farm Shopping Center located on the southeast corner of Kirby Avenue and Mattis Avenue at 1701-1765 West Kirby Avenue in Champaign, Champaign County, Illinois. The 46,260 SF shopping center was built in 1986 and received renovations in 1990 and 1999; adding 1,520 and 4,646 SF respectively. The subject consists of twenty-six shops and one outlot. The tenant spaces vary in size from 1,200 SF to 4,600 SF, to meet the individual needs of each lessee. It should also be noted that while a National ...