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Data Collection /Research Assistant : This would be a new hire position under careful supervision by our <br /> experienced staff. We typically have a researcher working at the firm and they would only assist with <br /> Phase I . <br /> Technical Approach <br /> The following documents the scope of work : <br /> Phase I .A. <br /> • Investigation of commercial land sales in Orange County and surrounding areas . Sales will range <br /> in size from small acreage to large acreage tracts . Land sales will be located using public records , <br /> Triangle Multiple Listing Service ( TMLS ) , CoStar, Loopnet, lending institution ' s databases , realtor' s <br /> files , appraiser' s files and Analytical ' s own in- house data sources . It is worth noting that Analytical <br /> Consultants has a significant existing database of verified land sales . Verification of land sales <br /> will be made wherever possible with a buyer, seller or broker or realtor directly involved in the <br /> transaction . Lawyers , lending institutions and public records are considered secondary data <br /> sources and in some cases these sales may be disregarded . U Sales will be sorted by property <br /> type . <br /> Phase I . B . <br /> • Investigation of commercial property rental rates , occupancy rates , expenses (on a per unit, per <br /> square foot or expense ratio basis as appropriate ) and capitalization rates in Orange County, the <br /> surrounding areas , a regional basis or a national basis as applicable . Income information will come <br /> from national surveys , local surveys , surveys made by Analytical for this assignment , Analytical ' s <br /> in - house files , CoStar and other sources . It is worth noting that Analytical Consultants has <br /> performed over 1 , 700 commercial appraisals in Orange , Durham and Wake County since January <br /> 2008 and our files are a very good source of verified local , relevant income and expense data for <br /> this assignment . Some property specific income and expense data from our files will need to <br /> remain confidential in regards as to the exact property providing the information . <br /> • There may be specific property types such as hotels and convenience stores where we will <br /> purchase proprietary information / expertise from other vendors to populate the income modules . <br /> Although some relatively inexpensive survey information is available , pointed actual information on <br /> expenses of hotel and convenience stores in the local market is not widely available . Our fee is <br /> inclusive of the cost of resources (surveys , data purchasing , outside consulting , etc . ) needed to <br /> complete the assignment, which in some cases will include payments to experts in the valuation of <br /> certain properties . <br /> • Income information will be sorted by property type with each property type being assigned a low, <br /> medium and high range ( le Class A , B and C ) . Some property types will include limited information <br /> on subcategories such as medical office as a subcategory of general office space . Retail will <br /> include limited data on restaurants , drug stores and convenience stores . <br /> Phase II <br /> • Application of Data ( provided by Analytical Consultants ) . Analytical Consultants will generate 2025 <br /> preliminary revaluation assessed commercial property value recommendations . Please note that <br /> we are not well versed in applying that assistance to mass valuation using mass valuation software <br /> but will help the County by consulting on different ways to input the data to produce appropriate <br /> results from the County' s software . We fully understand that the County will decide final assessed <br /> values and that our recommendations may not be used . <br />