Agenda - 11-23-1987 - Laserfiche WebLink

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1 CAPEWELL & CAPEWELL, INC. Real Estate Appraisers - Consultants 21 November 1987 Mr. Thomas E. Chandler President ' Chandler Concrete Co. , Inc. P.O. Box 1239 Burlington, N. C. 27215 Re: Impact Study - Sensitivity Analysis Dear Mr. Chandler: ' In accordance with my understanding of your instructions I have completed the above study in the geographical area of the Chandler concrete plant located on N. C. 1710 in ' Hillsborough, N. C. This report is a summation of my investigation, analyses, conclusions, and opinions as to the effect - if any - on the change in values in the immediate neighborhood of the concrete plant' s property zoning change. 1 It was deemed, for the purpose of this report, that in order to ascertain if any change in the values of the properties ' which surround the subject site due to a change in zoning; there would have to be an investigation of sales of properties in other areas where industry had become an impact on the neighborhood. The results of that investigation then may be applied to the area around the concrete plant. ' Sensitivity Analysis is used to answer some likely "What would happen to . . . . if . . . . " type questions about the real estate investment. Basically, Sensitivity Analysis is used to find the impact on, or effect on, some investment as some of the factors are changed -- as may certainly happen in our real world of constant change and uncertainty. As the problem is now defined - that of a zoning change and the possible alteration of property values due to said change - the next step is to determine if there were other ' areas nearby which could produce an insight into what the possible effect on values might be. Three (3) other areas in Orange County were researched. They were; (1) Eflin ' Hosiery Mill, (2) White Furniture Factory in Hillsborough, and (3) Piedmont Power in Hillsborough. POST OFFICE BOX 3670, CHAPEL HILL, NC 27515-3670 OFFICE 967-4141 r