Continental Valuations has appraised some major industrial facilities including Cooper Tire in Findlay, Ohio and the Ford Stamping Plant in Maumee, Ohio. We have appraised steel plants in Pennsylvania and a rare-ore storage facility on the Ohio River in West Virginia. We have also appraised stone quarries.
Thus, many of our industrial appraisals are of special purpose properties. However, a true special-purpose property is one which can not be adapted to an alternate use. Many if not most factories are not easily adaptable to a user in a separate industry. The less adaptable a facility, the greater the risk in selling it. The health and vitality of the industry is also a factor. If the industry is experiencing a strong market, there is a greater likelihood of finding a buyer, but the most interested buyer will likely be a buyer of the entire business.