Construction Management: Analysis and Valuation of a Property in Mathare

CONSTRUCTION MANAGEMENT
By Name
Course
Instructor
Institution
Location
Date

EXECUTIVE SUMMARY
The report analysis utilized both the secondary and the primary data. While collecting the
general information regarding the prices for the sales, population makes up and the demands of
the market, the secondary data were found to be of importance. The collection of the main data
on the site was achieved by physical examination.
Summary of the facts and the conclusions
Address of the property
Property ownership Private
Date of Value 10 Dec 2018
Physical Properties Frontage; 25.54m
Land size:600m2
Legal Characteristics Maximum height of the building:9m
No restriction
Area within the commercial zone
Locational Characteristics It is close to the roads used by the buses and
the trains
Psychological Characteristics High market demand that originates from the
renters
The composition of the buyers includes young
individual families.

Probable use Retail commercial activities
Environmental characteristics Green grass on the site
No hazards related to the environment on the
site.
Probable buyer A developer or an investor
Initial Price transaction Range $2 345000-3423600
Adjustments The possible adjustments to be made to the
land size properties
Adjusted Price and transaction Market price:$2830000
ANALYSIS OF THE PROBLEM AND DEFINATION OF THE VALUE
Evaluation Aim
The main aim of this particular report is to assist in the estimation of the current market value of
the site Mathare On behalf of the client.Apparaently the client is a potential developer who is
interested in utilizing the site. The reports extend to the point of discovering other probable use
of the site for any interested buyer in the future.
Date of Evaluation
Valuation Date: 10 December 2018
Inspection Date: 4 December 2028
Assumption made from the interest of the buyer

The client has categorically maintained that they would like to buy the property as is, for the
purposes of the investment with the aim to have it developed later.
Value Adopted Definition
For the purposes of this particular report, the following market valuation was actually adopted:
The approximated amount for which any asset should exchange on the valuation date between
the willing buyer and the willing seller at arm’s length transactions after proper marketing
wherein the parties had acted with sound mind, prudently and under no duress.
Definition of the interest to be valued
The site to be evaluated is located at Mathare
Analysis of the property and the Specifications of the Alternative Use
This segment of the report examines the property as far as profitability is concerned. This implies
gauging the focal points and impediments of the property to determine the alternative uses that
the property may have which eventually characterizes the estimation of the property.
PHYSICAL PROPERTIES
Description of the site
The study on the site identified two properties
1st property
405 Upper Silver Lake Rd, commercial and privately owned retail space.
2nd Property