VB Porter & company real estate service

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Neighborhood-Specific Shopping Centers Small-sized malls or expanded strip malls including grocery store anchor tenants, with the entire mall size not exceeding 150,000 square feet.
NIMBY Acronym for Not In My Back Yard, an individual or citizens’ group opposed to development in their neighborhoods.
Occupancy Rate A formula, expressed as a percentage, used in the study of occupancy trends; the amount of space occupied is divided by the total available space; occupancy rate may be calculated on the basis of units or square feet.
Operating Expenses The expenses involved in operating real estate investment properties, including general and administrative expenses.
Outside CBD/Suburban Areas removed from the central business district (CBD) and including both suburban and urban-style development (highly concentrated urban clusters).
Passive Income or Loss Profit or loss from investments that are subject to tax restrictions. Passive losses may not be deducted except to the extent that they apply against passive gains. The general exception is a provision allowing individual real estate investors to deduct annual losses, subject to both dollar limits and income limits.
Penetration A formula demonstrating the occupancy rate of a specific site, in comparison to occupancy rates for the entire market. To calculate, the occupancy rate for a subject property is divided by the occupancy rate for the entire market. The result is expressed as a percentage.
Planned Unit Development (PUD) A provision in a zoning ordinance providing developers methods for building mixed use projects, including exceptions to other zoning laws, in exchange for innovative design, notably allowing higher density or reduced setbacks.
Plottage A principle of valuation, stating that land values tend to increase when adjacent lots are combined into single ownership and put to a single zoning or use.
Political Demand A distortion of economic demand based on local sentiment regarding growth; when local sentiment is opposed to further growth, political demand may be at zero, even when economic demand is strong.
Prime Industrial Building A building defined as belonging in the top 25 percent of local buildings in terms of available inventory.
Principles of Valuation Ten concepts that collectively define real estate valuation; these are progression, regression, conformity, substitution, change, anticipation, contribution, plottage, highest and best use, and competition.
Pro Forma (Lt. “for the same of form”) a type of financial presentation based solely on estimates of future revenue, expenses, profits and cash flow – an overall financial and cash budget based on underlying assumptions concerning costs, financing, income levels, and time involved to complete a project.
Profitability The difference between a sale price and original purchase, adjusted for interim costs and taxes; the most common method for establishing valuation in real estate.
Progression A principle of valuation, stating that a property’s value may increase due to the existence of similar properties in similar locations, containing greater quality.