Recent Insurable Value Appraisal – Wheat Ridge, CO
Recent insurable value appraisal of an industrial/flex property in Wheat Ridge, CO. The property features two buildings with industrial/flex units. Most of units were leased to third-party tenants. The property is located in Jefferson County. The appraisal was related to establishing insurable value via the cost approach. Insurable value relates to the replacement cost new of the building improvements and/or site improvements and/or debris removal. This type of value can be requested by owners and lenders to establish what the estimated replacement cost new of the property is, if a catastrophic event were to take place on the property.