Fair Market Lease Value

by P. Vest
(Fredericksburg, VA)

We are appraising a property in Louisa County Virginia and the site has a new cell tower on a 100' x 60' pad site. The lease is $700 per month for 99 years with 15% increases every 5 years. How do i find out what other towers are leasing at on a per month basis in the subject's county and possibly surrounding counties of Spotsylvania, Hanover, Orange, and Goochland.

Editor's Note: 99 years? Ouch, that is painful. How did you manage to negotiate that one?

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Apr 09, 2014
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There are many factors....
by: Sean (Tower Genius)

Sites values are not determined in a such a manner. Site values are determined on a site by site basis as to the value it brings to the network and the difficulty in developing other sites (available property, zoning, what does it cover etc...) Give us a call as we would need more info to assist you.

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