What's a realistic value for this 30 x 60 metal building? - Pirate4x4.Com : 4x4 and Off-Road Forum
 
Pirate4x4.Com : 4x4 and Off-Road Forum  

Go Back   Pirate4x4.Com : 4x4 and Off-Road Forum > Miscellaneous > General Chit-Chat
Notices

Reply
 
Share Thread Tools Display Modes
Old 08-21-2010, 10:31 AM   #1 (permalink)
Community Organizer
 
Soundguy's Avatar
 
Join Date: Jul 2004
Member # 32677
Location: Conroe Texas
Posts: 3,117
What's a realistic value for this 30 x 60 metal building?

I'm looking at a property and the owner just had this built on the property 12 months ago. It's 30' x 60' fully insulated building (walls and ceiling), the only doors are the 2 you see and no windows. It's on a 6" concrete slab (w fiberglass in it) and has a 100amp power feed pulled to it, it also has a 4' x 6' basic bathroom with fiberglass shower, toilet and deep sink in a back corner. Very basic lighting and 4 20 amp power outlets in the corners. He had big work shop plans for it but is using it for basic storage right now. He's got 5/8" plywood on the walls 8' tall with open insulation above that.



He's trying to tack on a whole lot of value to the property because of this building (about $95K) and I'm trying to come up with a realistic value for it. There's no driveway or anything leading up to it, he never got that done. I know it's worth something but not $95K even if he did somehow pay that much for it.
Soundguy is online now   Reply With Quote
Old 08-21-2010, 10:54 AM   #2 (permalink)
Runner? What runner?
 
4runner's Avatar
 
Join Date: May 2000
Member # 946
Location: WTF TX USA
Posts: 6,843
Send a message via AIM to 4runner
A friend just had a 30X70 steel building erected on a 6" slab with full kitchen/bath in one corner. He plans to live in it while his house is being built.
He has a concrete drive to the shop and it is insulated, wired, has gas(heaters), and AC as well. He paid only $56K for all the work and it was completed in less than 3 weeks total. He is moving in to it this weekend.


the steel building alone was supposed to sell for $68K, but it seems they are heavily discounted due to sagging sales in the poor economy.



This is in TX,so YMMV based on location.
__________________
4.3runner
4runner is offline   Reply With Quote
Old 08-21-2010, 10:56 AM   #3 (permalink)
Registered User
 
Join Date: Dec 2006
Member # 84067
Location: Islamorada
Posts: 431
Built yourself? 20-24k.
moggie is online now   Reply With Quote
Old 08-21-2010, 11:01 AM   #4 (permalink)
Community Organizer
 
Soundguy's Avatar
 
Join Date: Jul 2004
Member # 32677
Location: Conroe Texas
Posts: 3,117
Quote:
Originally Posted by 4runner View Post
A friend just had a 30X70 steel building erected on a 6" slab with full kitchen/bath in one corner. He plans to live in it while his house is being built.
He has a concrete drive to the shop and it is insulated, wired, has gas(heaters), and AC as well. He paid only $56K for all the work and it was completed in less than 3 weeks total. He is moving in to it this weekend.


the steel building alone was supposed to sell for $68K, but it seems they are heavily discounted due to sagging sales in the poor economy.



This is in TX,so YMMV based on location.
This is North of Houston around Tomball.
Soundguy is online now   Reply With Quote
Old 08-21-2010, 11:01 AM   #5 (permalink)
Who stole my title?
 
void_of_light's Avatar
 
Join Date: Apr 2006
Member # 70825
Location: Nacogdoches, Texas
Posts: 964
I would say 30-40k. Slab 10k building 15-20k
void_of_light is online now   Reply With Quote
Old 08-21-2010, 11:03 AM   #6 (permalink)
Community Organizer
 
Soundguy's Avatar
 
Join Date: Jul 2004
Member # 32677
Location: Conroe Texas
Posts: 3,117
Quote:
Originally Posted by moggie View Post
Built yourself? 20-24k.
That seems a bit low to me with the foundation and everything, I had $30K - $35K in mind based on it's age and condition which is perfect.
Soundguy is online now   Reply With Quote
Old 08-21-2010, 11:04 AM   #7 (permalink)
Debauchery Wizard
 
BeefCakeScout's Avatar
 
Join Date: Oct 2006
Member # 80219
Location: On de FOB
Posts: 3,802
I would go about $35K
__________________
Why can't they have gay people in the army? Personally, I think they are just afraid of a thousand guys with M16s going, "Who'd you call a faggot?"
Rock Goonies
BeefCakeScout is offline   Reply With Quote
Old 08-21-2010, 11:28 AM   #8 (permalink)
Rock God
 
mudtoy67's Avatar
 
Join Date: May 2004
Member # 30359
Location: SE-TX
Posts: 1,571
Best help I can give is last year I got a quote from United for a plain jane 25x33 w/ 12 foot eaves. They said $12,700 installed in the Tomball area. This was just a plain building - no skylights/insulation/wiring/service door/etc. Just a building with two 10' roll up doors. Of course it also did not include slab. Most of the other quotes I got came in from $8k to $12k.

I can see how a big building like that could add up in price with all the options. Looks like the one I was quoted was running ~$15.40/sf. That would put your 30x60 at about $27,700 for just a plain building. I think I was quoted between 5k and 8k for the slab, so based on your sf that would put your slab at ~$17.5k on the high end. So you're up to $45.2k. I really don't know how much insulation/plumbing/wiring would cost, but I think to get to $98k total would be a stretch.
__________________
BDR
67 FJ40 "Last Minute" - build thread
97 XJ



Quote:
Texan. Saved my neck twice... once after he was dead.

Last edited by mudtoy67; 08-21-2010 at 11:28 AM.
mudtoy67 is online now   Reply With Quote
Old 08-21-2010, 11:36 AM   #9 (permalink)
Community Organizer
 
Soundguy's Avatar
 
Join Date: Jul 2004
Member # 32677
Location: Conroe Texas
Posts: 3,117
Quote:
Originally Posted by mudtoy67 View Post
Best help I can give is last year I got a quote from United for a plain jane 25x33 w/ 12 foot eaves. They said $12,700 installed in the Tomball area. This was just a plain building - no skylights/insulation/wiring/service door/etc. Just a building with two 10' roll up doors. Of course it also did not include slab. Most of the other quotes I got came in from $8k to $12k.

I can see how a big building like that could add up in price with all the options. Looks like the one I was quoted was running ~$15.40/sf. That would put your 30x60 at about $27,700 for just a plain building. I think I was quoted between 5k and 8k for the slab, so based on your sf that would put your slab at ~$17.5k on the high end. So you're up to $45.2k. I really don't know how much insulation/plumbing/wiring would cost, but I think to get to $98k total would be a stretch.
Thanks, do you live out in that area?
Soundguy is online now   Reply With Quote
Old 08-21-2010, 11:40 AM   #10 (permalink)
Rock God
 
brewchief's Avatar
 
Join Date: Apr 2006
Member # 71185
Location: Michigan
Posts: 1,770
Does it have water/well and sewer/septic? Or is the bath just roughed in? If it has water/sewer will it also support a house built on the property?
brewchief is offline   Reply With Quote
Old 08-21-2010, 11:43 AM   #11 (permalink)
Community Organizer
 
Soundguy's Avatar
 
Join Date: Jul 2004
Member # 32677
Location: Conroe Texas
Posts: 3,117
Quote:
Originally Posted by brewchief View Post
Does it have water/well and sewer/septic? Or is the bath just roughed in? If it has water/sewer will it also support a house built on the property?
It's a working bathroom plumbed into a septic system and well that's already on the property that services the house. This is on 2 acres of land with a 2300 sq. foot house, I'm looking at the whole thing but the price is inflated and the seller says it's because of this building.
Soundguy is online now   Reply With Quote
Old 08-21-2010, 11:47 AM   #12 (permalink)
Rock God
 
brewchief's Avatar
 
Join Date: Apr 2006
Member # 71185
Location: Michigan
Posts: 1,770
Quote:
Originally Posted by Soundguy View Post
It's a working bathroom plumbed into a septic system and well that's already on the property that services the house. This is on 2 acres of land with a 2300 sq. foot house, I'm looking at the whole thing but the price is inflated and the seller says it's because of this building.
Ok, I wouldn't add more than about 35k for the building then, if it was on an empty piece of land I could see the power/water/septic adding a decent bit to the value but not in this case.
brewchief is offline   Reply With Quote
Old 08-21-2010, 11:51 AM   #13 (permalink)
Registered User
 
Join Date: Jul 2008
Member # 116245
Posts: 298
Local steel place (on I35 here in TX) is advertising a 30x60 shop for $20k. That may be erected (no slab), I don't recall.

Add in slab ($10k), electrical ($5k likely), insulation ($3k?), bathroom ($3k?), and maybe $5k extras... And then add in a generous $15k for labor.

I've got a very generous $61k. Still pretty far from $95k. I don't see it either.

On the flip side, my shop (metal 30x30 with 20x30 shed area, insulated, 6" slab) added about $5k to the "cost" of the house back when I bought in 2002, based on what houses on the street were selling for on a $/sq ft basis.

Last edited by cabletech; 08-21-2010 at 11:53 AM.
cabletech is offline   Reply With Quote
Old 08-21-2010, 11:52 AM   #14 (permalink)
Community Organizer
 
Soundguy's Avatar
 
Join Date: Jul 2004
Member # 32677
Location: Conroe Texas
Posts: 3,117
Quote:
Originally Posted by brewchief View Post
Ok, I wouldn't add more than about 35k for the building then, if it was on an empty piece of land I could see the power/water/septic adding a decent bit to the value but not in this case.
Yeah that's what I had in mind, it's a 2300 sq foot house built in the 70s but has been remodeled and is in really good shape. This building is about 250' from that house in the back corner of the property and is about a year old. The guy is asking an extra $95K over the reasonable value of the home and land and he claims it's because of this building. I haven't really talked to him about it eye to eye, I need to go take a closer look.
Soundguy is online now   Reply With Quote
Old 08-21-2010, 12:01 PM   #15 (permalink)
Rock God
 
mudtoy67's Avatar
 
Join Date: May 2004
Member # 30359
Location: SE-TX
Posts: 1,571
Quote:
Originally Posted by Soundguy View Post
Thanks, do you live out in that area?
I'm a little closer to Waller than Tomball off of 2920.
__________________
BDR
67 FJ40 "Last Minute" - build thread
97 XJ



Quote:
Texan. Saved my neck twice... once after he was dead.
mudtoy67 is online now   Reply With Quote
Old 08-21-2010, 12:02 PM   #16 (permalink)
Uzin' toolz
 
Pt_Ranger_V8's Avatar
 
Join Date: Dec 2006
Member # 84339
Location: Flyover land
Posts: 4,005
35K sounds about right - even a little low, maybe. IIRC, my dad has that into his ~24x 40 shop, but he did ALL the work himself, except for concrete and electric. (he did get the buddy price there though).

I would say being generous, you'd come up with 60K for the building. Hell - call a supplier and ask them what it would cost. Then, I'd show the seller and say "look I'm sure you paid 95K for the building, but it's only worth 60K at most now."

If he really wants to sell, then he'll deal.
__________________
The definition of irony:
Quote:
Originally Posted by gee whizz View Post
your retarted.
For the best deal on 8 lug disc brakes click here--> www.lugnut4x4.com
Pt_Ranger_V8 is offline   Reply With Quote
Old 08-21-2010, 12:14 PM   #17 (permalink)
Community Organizer
 
Soundguy's Avatar
 
Join Date: Jul 2004
Member # 32677
Location: Conroe Texas
Posts: 3,117
I'm supposed to meet the seller on Monday to discuss stuff, I don't even know what size conduit he's got running from the house to the building so I don't even know if I'll be able to upgrade to a 200amp service without major work. There's also an in ground pool in the back yard that's gonna need a complete rebuild if not fill in and he's gonna have to come up with some hefty concession on that one to make me happy.
Soundguy is online now   Reply With Quote
Old 08-21-2010, 12:21 PM   #18 (permalink)
Pro E-MMA Fighter
 
StupidityKills's Avatar
 
Join Date: Mar 2005
Member # 45220
Location: Edmonton, Alberta
Posts: 795
Send a message via MSN to StupidityKills
Is it heated? Have ventilation fans? I wouldn't go above 40k for it the way it is.
__________________
Quote:
Originally Posted by Muddin
Fox news is reporting that he was ripped to shreds by a pug dog.
Blackflag4x4.com
StupidityKills is online now   Reply With Quote
Old 08-21-2010, 12:32 PM   #19 (permalink)
Community Organizer
 
Soundguy's Avatar
 
Join Date: Jul 2004
Member # 32677
Location: Conroe Texas
Posts: 3,117
Quote:
Originally Posted by StupidityKills View Post
Is it heated? Have ventilation fans? I wouldn't go above 40k for it the way it is.
It's in Houston TX, yes it's heated 24/7/365 I don't know about ventilation fans or roof vents or anything yet..
Soundguy is online now   Reply With Quote
Old 08-21-2010, 12:38 PM   #20 (permalink)
Registered User
 
Join Date: Jan 2002
Member # 9264
Location: Galveston, TX
Posts: 211
Quote:
Originally Posted by Soundguy View Post
That seems a bit low to me with the foundation and everything, I had $30K - $35K in mind based on it's age and condition which is perfect.
The price of concrete and concrete finishers is pretty cheap in Houston right now and has been for the last couple of years. Both parties are very hungry and highly comeptitive now.
__________________
MonteCunto can Kissimmee my ass...
4RunnerGuy is offline   Reply With Quote
Old 08-21-2010, 12:43 PM   #21 (permalink)
Rock God
 
rugger's Avatar
 
Join Date: Feb 2006
Member # 67681
Location: Colorado
Posts: 1,895
Quote:
Originally Posted by BeefCakeScout View Post
I would go about $35K
I agree with these numbers. It is likely that he has more in it, but it's just like all of our rigs. A $50K jeep can still only be sold for $15K.
__________________
5.3l Turbo Miata build thread
rugger is offline   Reply With Quote
Old 08-21-2010, 12:46 PM   #22 (permalink)
Community Organizer
 
Soundguy's Avatar
 
Join Date: Jul 2004
Member # 32677
Location: Conroe Texas
Posts: 3,117
Quote:
Originally Posted by rugger View Post
I agree with these numbers. It is likely that he has more in it, but it's just like all of our rigs. A $50K jeep can still only be sold for $15K.
Yep, I'm not gonna pay what he paid for it... it's not my fault he's got to sell the property. I'm just looking for a house and if it happens to come with a damn nice work shop I'll take it.
Soundguy is online now   Reply With Quote
Old 08-21-2010, 12:56 PM   #23 (permalink)
Registered User
 
Join Date: May 2004
Member # 31362
Location: Michigan
Posts: 1,743
Send a message via AIM to deke
30k for building
5k bonus for slab and plumbing work
35kish plus or minus 5k.


edit: guess im late to the party

Last edited by deke; 08-21-2010 at 12:56 PM.
deke is offline   Reply With Quote
Old 08-21-2010, 01:58 PM   #24 (permalink)
Ebs
Registered User
 
Join Date: May 2003
Member # 20043
Location: Da Murder Mitten, Eh
Posts: 388
Ask him where the secret vault of gold is hidden in there.
Ebs is offline   Reply With Quote
Old 08-21-2010, 02:21 PM   #25 (permalink)
Runner? What runner?
 
4runner's Avatar
 
Join Date: May 2000
Member # 946
Location: WTF TX USA
Posts: 6,843
Send a message via AIM to 4runner
yep, there must be more to it...is there a basement? full of guns? drugs? mescans
__________________
4.3runner
4runner is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -7. The time now is 07:27 PM.


Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 ©2011, Crawlability, Inc.