This occupancy, together with occupancy 998 (Interior Space, Motel), allows you to individually price the shell and the tenant improvement costs for an apartment (in separate sections of the report). This provides an alternative to occupancy 343 (Motel), which includes both the shell and tenant improvement costs.
These shells are motels with three or fewer stories for multiple dwelling units. The light residential framed structures are built of class C, D, and S construction.
Shell structures have good finished offices, lobby, and some coffee shop or restaurant and meeting rooms commensurate with the size and the quality of the facility. These shell structures include common area finishes only, which are about 3% - 16%. Interior build-out costs can be added using occupancy 998 (Interior Space, Motel) in an additional section.
The following are not included in the costs: Elevators, interior apartment build-out, canopies, balconies, recreation equipment, swimming pools, yard improvements and any developers' or soft costs related to a type of ownership such as condominium.
Availability of Elevators by Area for this occupancy: No
Marshall Valuation Service sections: 12 and 42.
Occupancy Availability: Commercial Estimator only.
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|
|
Class |
|
|
Quality |
A |
B |
C |
D |
S |
Low |
-- |
-- |
35 |
30 |
30 |
Average |
-- |
-- |
40 |
35 |
35 |
Good |
-- |
-- |
45 |
40 |
40 |
Excellent |
-- |
-- |
45 |
40 |
40 |
In addition to being an aid in selecting a building’s rank, the following indicates what is included in the base shell cost. Note that HVAC costs have been included in the total with the finished build-out space in occupancy 998 (Interior Space, Motel). You can allocate a prorated amount back to the shell cost if needed by selecting the appropriate HVAC component and entering a percentage of the total floor area, typically 10% to 20%.
Class C (Masonry Bearing Walls):
Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
Cheap |
Cheap block, no trim
|
Minimum finish, very plain, minimal core services |
Rough electrical and plumbing |
None |
Low |
Concrete block |
Small office, carpet, vinyl composition tile |
Rough electrical and plumbing, low-cost fixtures |
None |
Fair |
Block or brick, standard front |
Small core lobby, carpet, vinyl composition, no food services, small vending area |
Rough-ins, standard fixtures, guest laundry, small lobby restrooms |
None |
Average |
Common brick or block, little ornamentation, commercial style |
Core lobby, few extras, carpet, vinyl composition, hospitality room |
Adequate core lighting & plumbing |
None |
Good |
Brick and stone trim, large glass areas, typical better chain motel |
Good core lobby, good carpet, support services |
Some good core lighting & plumbing fixtures |
None |
Excellent |
Face brick, stone, metal and glass panels, highly decorative |
Good core lobby, good carpet, good support services |
Luminous lobby ceiling, good core lighting, many service fixtures |
None |
Class D (Wood or Steel Framed Exterior Walls):
Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
Cheap |
Cheap siding, no trim |
Minimum finish, very plain, minimal core services |
Rough electrical and plumbing |
None |
Low |
Siding or stucco |
Small office, carpet, vinyl composition tile |
Rough electrical and plumbing, low-cost fixtures |
None |
Fair |
Siding or stucco, standard front |
Small core lobby, carpet, vinyl composition, no food services, small vending area |
Rough-ins, standard fixtures, guest laundry, small lobby restrooms |
None |
Average |
Good stucco and siding, little ornamentation, commercial style |
Core lobby, few extras, carpet, vinyl composition, hospitality room |
Adequate core lighting & plumbing |
None |
Good |
Brick and stone trim, large glass areas, typical better chain motel |
Good core lobby, good carpet, support services |
Some good core lighting & plumbing fixtures |
None |
Excellent |
Face brick, stone veneer, metal and glass panels, highly decorative |
Good core lobby, good carpet, good support services |
Luminous lobby ceiling, good core lighting, many service fixtures |
None |
Class S (Metal Frame and Walls):
Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
Average |
Insulated panels, some ornamentation |
Core lobby, few extras, carpet, vinyl composition, hospitality room |
Adequate core lighting & plumbing |
None |