2025 2 18 Regular Session Packet 1
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Val bridge PROPERTY ADVISORS NORTH CITY SCHOOL IMPROVEMENTS DESCRIPTION Improvements Description Improvement Characteristics Property Type: Special Purpose Property Subtype: Con structio n Class: Construction Quality: Gross Building Area (GSA): Net Rentabl e Area (NRA): Ratios & Parking Land-tu-Building Ratio: Floor Area Ratio (FAR): Age / Life Condition: Effective Age: Typical Building Life: Remaining Economic Life: Structural Characteristics Foundatio n: Building Frame: Exterior Walls: Roof Materia l: Interior Characteristics Floors: Walls: Ceilings: Light ing: Restrooms: Mechanical Systems Electrical: Plumbing : Heating: Air Conditioning: School, University C - Masonry per Marshall Valuation Service Average 43,608 SF (based on Owne r) 43,608 SF (based on Owner) 7.97 to 1 (Usable land/GBA) 0.13 (based on GBA) Poor 45 to 45 years 50 years 5 to 10 years Concrete slab Masonry Masonry and glass Built-Up Carpet, tile, and concrete Drywall, brick, and concrete block Acoustical tile Fluorescent Adequate and typical for the intended use Assumed adequate Assumed adequate for the int ended use Central HVAC Central HVAC © 2024 VALBRIDGE PROPERTY ADVISORS I CHATTANOOGA PAGE 26 64