2026 Valuation Stmt.pdf
Tromble Bay Land LLC Petitioner Vs. City Of Traverse City Respondent · 26-001358-TT
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Valuation Report DB: Tr2026 09/02/2026 09:53 AM Total Cost New = 0 Item Desciption Col. Rate SqFt Adj. Adj. Cost Cost # or Height Storys Costs taken from Segregated Cost Section 3: Stores & Commercials <<<<< Segregated Cost Computations >>>>> Total Depreciated Cost = 711,718 Eff.Age:2 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 92 /100/100/100/92.0 Reproduction/Replacement Cost = 773,606 2,875 Sq.Ft. of Sprinklers @ 8.45, Cost New = 24,294 Total Floor Area: 2,875 Base Cost New of Upper Floors = 749,312 Adjusted Square Foot Cost for Upper Floors = 260.63 (10) Heating system: Package Heating & Cooling Cost/SqFt: 20.13 100% Base Rate for Upper Floors = 240.50 Stories: 1 Story Height: 12 Perimeter: 220 Class: C Quality: Good <<<<< Calculator Cost Computations >>>>> Costs are taken from the Restaurants - Fast Food cost schedules. Description of Occupancy: 1118 E FRONT - STARBUCKS Cost Estimates for Commercial/Industrial Building/Section: 2 Built 2017 Replacement Cost/Floor Area= 366.79 Est. TCV/Floor Area= 362.42 ECF (2000 COMMERCIAL GENERAL AREA) 1.074 => TCV of Bldg: 1 = 440,338 Total Depreciated Cost = 409,998 Eff.Age:2 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 92 /100/100/100/92.0 Reproduction/Replacement Cost = 445,650 1,215 Sq.Ft. of Sprinklers @ 8.72, Cost New = 10,595 Total Floor Area: 1,215 Base Cost New of Upper Floors = 435,055 Adjusted Square Foot Cost for Upper Floors = 358.07 (10) Heating system: Package Heating & Cooling Cost/SqFt: 27.66 100% Base Rate for Upper Floors = 330.41 Stories: 1 Story Height: 14 Perimeter: 190 Class: C Quality: Good <<<<< Calculator Cost Computations >>>>> Costs are taken from the Restaurants - Fast Food cost schedules. Description of Occupancy: 1215 Cost Estimates for Commercial/Industrial Building/Section: 1 Built 2017 Total Estimated Land Improvements True Cash Value = 62,487 D/W/P: Asphalt Paving 3.13 15000 99 46,480 D/W/P: 4in Concrete 7.03 2300 99 16,007 Description Rate Size % Good Cash Value Land Improvement Cost Estimates 0.53 Total Acres Total Est. Land Value = 1,077,614 22,950.000 Sq Ft 46.95 200 CORNER - GARFIELD AVE1,077,614 Description Frontage Depth Front Depth Rate %Adj. Reason Value * Factors * Land Value Estimates for Land Table 2040.2040 E FRONT ST/MUNSON AVE Map #: 28-51TRAVERSE CITY-GTC TRAVERSE CITY, MI 49686 Property Class: 201 1118 E FRONT ST 28-51-482-044-60 2026 Est. T.C.V. TROMBLE BAY LAND LLC
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Valuation Report DB: Tr2026 09/02/2026 09:53 AM 1,174,800 1,174,800 1,174,800 1,236,199 1,174,800 0 2026 Assessed MBOR S.E.V. Capped ->Taxable<- PRE/MBT 0 -28,900 0 0 -28,900 0 2026 New Eq. Adjustment Loss Additions Tax Adjustment Losses 1,203,700 1,203,700 1,203,700 1,203,700 2.70 2025 Assessed MBOR S.E.V. Base for Cap IRM Est. TCV/Total Floor Area = 574.47, Most recent sale 06/06/2022 for 2,712,500 2026 Est. T.C.V. 28-51-482-044-60 = 2,349,574 Total Estimated True Cash Value of Commercial/Industrial Buildings = 1,209,473 Replacement Cost/Floor Area= 270.68 Est. TCV/Floor Area= 267.53 ECF (2000 COMMERCIAL GENERAL AREA) 1.074 => TCV of Bldg: 2 = 769,135 /CI16/YARI/PAV/CONC46A 22.19 107 1.00 96 2,279 /CI16/YARI/PATR/WOOIBCA 23.10 48 1.00 96 1,064 /CI16/YARI/PATR/ALUOSBEA 16.30 48 1.00 96 751 CANOPY 14.28 24 1.00 96 329 Unit in Place Items Rate Quantity Arch %Good Depr.Cost Total Depreciated Cost = 0 Eff.Age:2 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 92 /100/100/100/92.0 Reproduction/Replacement Cost = 0 Architectural Multiplier: 0.00 Parcel Number: 28-51-482-044-60 Page: 2