THE HIGH COST OF WHAT YOU DONT BUY THE COMPLEXITY OF PARTIAL ACQUISITIONS BY DONNA STINSON, ASA, SR/WA,

R/W-AC LA. CERTIFIED GENERAL REAL ESTATE APPRAISER donna.stinson@la.gov 225-242-4586

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OBJECTIVES

Better communication/coordination of the various sections within DOTD. Better design of projects taking all factors into consideration at the early stages. Understand how real estate impacts the project development process
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Eminent Domain is the power of the government to take private property for public purposes with payment of just compensation.

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ACT N0. 851 TO THE STATE CONSTITUTION

In every expropriation or action to take property pursuant to the provisions of this Section, a party has the right to trial by jury to determine whether or not the compensation is just, and the owner shall be compensated to the full extent of loss. Except as otherwise provided in this Constitution, the full extent of the owners loss shall include but not be limited to, the appraised value of the property and all cost of relocation, inconvenience and any other damages actually incurred by the owner because of the expropriation. (Article 1 Section 4)
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Issues and/or Concepts That Impact The Acquisition Process

Misperception of a substantial acquisition versus a small acquisition typically many believe that small acquisitions would have no and/or nominal impact.

The impact of either scenario could be significant or there could be no impact dependent on market factors.
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Appraisal Considerations

No two properties are the same. Highest and best use determinations impact compensation. Market reaction to location for any given property type may vary. Type of occupancy.
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Examples
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Large timber tract: Real Estate issues considered: Zoning Deed Restrictions Health Unit - Sewer System Requirements Inconvenience Access Management/Ingress/Egress Severance Damages
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Timberland Use

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2) Convenience Store
Real Estate issues considered: Zoning Green Area/Landscaping Requirements Parking Access Management/Ingress/Egress Traffic Flow on site before and after Proximity

Environmental Issues Inconvenience

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Convenience Store

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3) Convenience Store
Real Estate issues considered:

Zoning Green Area/Landscaping Requirements Parking Access Management/Ingress/Egress Traffic Flow on site before and after Proximity Environmental Issues Existing Lease of Convenience Store Additional Compensation Inconvenience
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Convenience Store

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4) Restaurant
Real Estate issues considered:

Zoning Green Area/Landscaping Requirements Parking Access Management/Ingress/Egress Traffic Flow on site before and after Proximity Environmental Issues Additional Compensation Inconvenience
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Restaurant

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5) Retail Sales
Real Estate issues considered: Zoning Green Area/Landscaping Requirements Parking Access Management/Ingress/Egress Traffic Flow on site before and after Proximity Cost-to-cure Severance Damages Inconvenience
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Retail Sales

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RETAIL USE

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6) Auto Zone
Real Estate issues considered: Zoning Green Area/Landscaping Requirements Parking Access Management /Ingress/Egress Traffic Flow on site before and after Proximity Cost-to-cure Inconvenience
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Auto Zone

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7) Credit Union
Real Estate issues considered:

Zoning Green Area/Landscaping Requirements Parking Access Management /Ingress/Egress Traffic Flow on site before and after Proximity Cost-to-cure Additional Compensation Inconvenience
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Credit Union

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8) Fast Food Restaurant Churchs Fried Chicken

Real Estate issues considered: Zoning Green Area/Landscaping Requirements Parking Access Management/Ingress/Egress Traffic Flow on site before and after Proximity Cost-to-cure Additional Compensation Inconvenience
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Churchs Fried Chicken

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9) Fast Food Restaurant Burger King

Real Estate issues considered: Zoning Green Area/Landscaping Requirements Playground Parking Access Management/Ingress/Egress Traffic Flow on site before and after Proximity Inconvenience
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Burger King

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10) Volunteer Fire Station

Real Estate issues considered:

Zoning Parking Access Management/Ingress/Egress Traffic Flow on site before and after Improvement impacted by cost-to-cure Proximity Cost-to-cure Inconvenience
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Volunteer Fire Station

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11) Church
Real Estate issue considered: Zoning None Parking Access Management/Ingress/Egress Traffic Flow on site before and after Proximity Future Church Expansion(Cemetery) Inconvenience
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Church

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12) Residential Dwellings

Proximity Damages - No set distance from new right of way line to residence. Proximity Damages are based on the market an individual residence is situated in (Location/Market Specific).
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Residence

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Residence

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