Land value is such a large percentage of a marina's market value that it's got to be done right. Unfortunately, there are a litany of problems with estimating a reliable land value for a marina. I posted a detailed six part series on the problems and issues associated with valuing marina land. From what.
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The Obsolete Marina Sales Comparison Approach
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Posted by John Simpson
There is a disconnect and a misconception between appraisers/assessors and marina owners. It seems the marina owners know something that the appraisers and assessors do not. They know that the sales comparison is only good for "comparison" purposes and as a rough (and I do mean rough) rule of thumb. Rules of thumb make very.
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