Appraisal Requirements for Mixed-Use Properties

The appraisal requirements for mixed-use properties must

• provide a detailed description of the mixed-use characteristics of the subject property;

• indicate that the mixed use of the property is a legal, permissible use of the property under the local zoning requirements;

• report any adverse impact on marketability and market resistance to the commercial use of the property; and

• report the market value of the property based on the residential characteristics, rather than of the business use or any special business-use modifications that were made.