300 Apartment (High Rise)

High-rise apartments are structures with three or more stories of multiple dwelling units. The structures are built of all construction classes. Each dwelling unit consists of its own separate living area and kitchen facility. Normally, structures over three stories have elevators, but this depends on the height of the building and the need for transportation to the upper levels. These structures have a lobby area, interior hall access to dwelling units and some type of stairway for fire exit. Although apartments built as condominiums sometimes are required by building and zoning codes to have certain items not required for rental units, basically, "condominium" is a type of ownership and not a type of construction and the apartment costs are valid.

The following are not included in the costs: Appliances, fireplaces, canopies, balconies, swimming pools, yard improvements and any developers' or soft costs related to a type of ownership such as condominium.

This occupancy includes both shell and tenant improvement costs. To price each separately (using two separate occupancies in two separate sections), use the following occupancies:

596 Shell, Apartment (High Rise)

989 Interior Space, Apartment (High Rise)

The following are related occupancies:

984 Apartment, Luxury (High Rise)

352 Multiple Residence (Low Rise)

459 Multiple Residential Units Mixed with Retail

451 Multiple Residence, Senior Citizen (Low Rise), for independent living

589 Multiple Residence, Assisted Living (Low Rise), for assisted living

330 Home for the Elderly, for high-rise assisted living

710 Multiple Residence, Retirement Community Complex

Availability of Elevators by Area for this occupancy: Yes

Marshall Valuation Service sections: 11 and 41.

Occupancy Availability: Commercial Estimator only.

Typical Lives:

 

 

 

 

 

Class

 

 

 

 

Quality

A

B

C

D

H

M

P

S

W

Low

55

55

50

45

--

50

--

45

--

Average

55

55

50

45

--

50

--

45

--

Good

60

60

55

50

--

55

--

50

--

Excellent

60

60

55

50

--

55

--

50

--

Quality Selection Guide:

Class A (Fireproof Structural Steel Frame):

Quality

Exterior Walls

Interior Finish

Mechanicals

HVAC

Low

Very plain, brick or block, or low-cost concrete panels

Drywall, sprayed or painted ceilings, very plain, asphalt tile

Minimum uniform code, one bath per unit

Hot water

Average

Little trim, brick, block, metal or concrete and glass

Drywall or plaster, average carpet and vinyl composition floors

Few electric fixtures, average plumbing, one bath per unit

Heat pump system

Good

Face brick, limestone, metal or concrete and glass panels

Good interior detail, carpet, or hardwood, sheet vinyl or ceramic tile

Many good fixtures, TV jacks, good baths and kitchens

Warm and cool air (zoned)

Excellent

Best metal or stone, heat-absorbent or double glazing

Fine interior detail, carpet, ceramic tile, some vinyl and fine hardwood

Master antennas, fine fixtures, one full bath per bedroom

Hot and chilled water (zoned)

Class B (Reinforced Concrete Frame):

Quality

Exterior Walls

Interior Finish

Mechanicals

HVAC

Low

Very plain, brick or block or low-cost concrete panels

Drywall, sprayed or painted ceilings, very plain, asphalt tile

Minimum uniform code, one bath per unit

Hot water

Average

Little trim, brick, block, metal or concrete and glass

Drywall or plaster, vinyl composition tile and average carpet

Few electric fixtures, average plumbing, one bath per unit

Heat pump system

Good

Face brick, limestone, metal or concrete and glass panels

Good interior detail, carpet or hardwood, sheet vinyl or ceramic tile

Many good fixtures, TV jacks, good baths and kitchens

Warm and cool air (zoned)

Excellent

Best metal or stone, heat-absorbent or double glazing

Fine interior detail, carpet, ceramic tile, some vinyl and fine hardwood

Master antennas, fine fixtures, one full bath per bedroom

Hot and chilled water (zoned)

Class C (Masonry Bearing Walls):

Quality

Exterior Walls

Interior Finish

Mechanicals

HVAC

Low

Very plain brick or block, minimum fenestration

Drywall and painted masonry or plaster coat, asphalt tile, low-cost carpet

Minimum uniform code, one bath per unit

Individual thru-wall heat pumps

Average

Little ornamentation, brick or block, concrete panels

Drywall or plaster, average carpet and vinyl composition

Average fixtures, one bath per unit, average circuits

Forced air

Good

Brick, metal or concrete and glass panels, some trim

Drywall or plaster, good carpet or hardwood, vinyl composition, ceramic tile

Good electric & plumbing, good baths and kitchens

Heat pump system

Excellent

Stone, brick, metal and glass panels, individual design

Fine interior detail, sheet vinyl, ceramic tile/carpet, paneling, fine hardwood

Master antennas, fine fixtures, one full bath per bedroom

Warm and cool air (zoned)

Class D (Wood or Steel Framed Exterior Walls):

Quality

Exterior Walls

Interior Finish

Mechanicals

HVAC

Low

Low-cost siding or stucco

Drywall, low-cost carpet, asphalt tile

Minimum uniform code, one bath per unit

Individual thru-wall heat pumps

Average

Frame and stucco or brick veneer, little trim, standard design

Plaster or drywall, carpet or hardwood, vinyl composition tile

Average fixtures and circuits, one bath per unit

Forced air

Good

Good stucco, siding or brick veneer with ornamentation

Good drywall or plaster, carpet, good vinyl composition tile or sheet

Good fixtures, many outlets, over one bath per unit

Heat pump system

Excellent

Best stucco, siding, face brick or stone veneer, brick and stone trim, individual design

Good plaster, paneling/paper, vinyl, carpeting or hardwood

TV and phone jacks, good fixtures, one bath per bedroom

Warm and cool air (zoned)

Class M (Mill Type):

Quality

Exterior Walls

Interior Finish

Mechanicals

HVAC

Average

Mill-type construction, brick and block, wood trusses

Drywall or plaster, average carpet and vinyl composition, softwood

Average fixtures, one bath per unit, average circuits

Hot water

Good

Mill-type construction, heavy brick walls, trusses, good sash

Drywall or plaster, good carpet or hardwood, vinyl composition, ceramic tile

Good electric & plumbing, good baths and kitchens

Heat pump system

Class S (Metal Frame and Walls):

Quality

Exterior Walls

Interior Finish

Mechanicals

HVAC

Average

Sandwich walls, fenestration to code, little trim

Drywall, carpet and vinyl composition, average cabinetry and finish

Average fixtures and circuits, one bath per unit

Forced air

Good

Best insulated sandwich walls, good fenestration, good frame

Drywall, carpet and vinyl composition, ceramic tile

Good fixtures, many outlets, over one bath per unit

Heat pump system