A community shopping center is typically an intermediate group or cluster of stores (also called a plaza). It is generally a much larger and better-designed project than a neighborhood center. It usually supports at least one major anchor. Typical anchors in a community center include secondary or junior department or retail-discount stores and major restaurant buildings.
Shopping center costs are for the strip or plaza buildings only and include all necessary plumbing and electrical connections to provide for the operation of the satellites, including service areas. Trade fixtures and equipment pertinent to individual tenants are not included. The costs represent group averages of a typical mix of tenants (excluding major anchor occupancies). The following are normally commensurate with the quality and type of anchors they support: The mix of general occupancies found within a center, the display or decorative storefronts, and the canopy-mansard overhang or ornamentation.
This occupancy includes both shell and tenant improvement costs. To price each separately (using two separate occupancies in two separate sections), use the following occupancies:
461 Shell, Community Shopping Center
991 Interior Space, Community Shopping Center
The typical tenant mixes for Community Shopping Centers are:
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Retail |
44% |
All general retail and specialty occupancies |
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Discount |
17% |
Large drug, furniture, hardware, garden, etc. |
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Food |
9% |
Market, convenience-specialty foods, delicatessen, bakery, florist, etc. |
|
Food service |
9% |
Restaurant, lounge, cafeteria, fast food outlets, etc. |
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Commercial |
7% |
Office, financial, medical, post office, etc. |
|
Personal services |
7% |
Laundry, barber, beauty, repair shops, health clubs, etc. |
|
Recreational |
5% |
Theater, bowling, skating, clubhouse, day care, etc. |
|
Miscellaneous |
2% |
Storage and center service areas (office, security, etc.) including non-public access ways and restrooms |
If the community shopping center includes an anchor, use the appropriate occupancies (e.g., 319 for discount store, 350 for restaurant, etc.).
If the shopping center has a mall concourse area, use the following mall components:
Availability of Elevators by Area for this occupancy: No
Marshall Valuation Service sections: 13 and 43
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Class |
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Quality |
A |
B |
C |
D |
H |
M |
P |
S |
W |
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Low |
-- |
-- |
40 |
35 |
-- |
-- |
-- |
35 |
-- |
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Average |
-- |
-- |
45 |
40 |
-- |
-- |
-- |
40 |
-- |
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Good |
-- |
-- |
50 |
45 |
-- |
-- |
-- |
45 |
-- |
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Excellent |
-- |
-- |
50 |
45 |
-- |
-- |
-- |
45 |
-- |
Class C (Masonry Bearing Walls):
|
Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
|
Low |
Adequate fronts, block, tilt-up panels, big-box center |
Painted walls and roof deck, some acoustic, VCT, stained concrete |
Adequate lighting and outlets per unit, small restrooms |
Package A.C. |
|
Average |
Brick, block, stucco, best tilt-up, bearing or frame, adequate displays |
Drywall or plaster, good tile ceilings, vinyl composition and carpet |
Good lighting and outlets, standard fixtures |
Package A.C. |
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Good |
Face brick, best block/mansard ornamentation, good displays |
Plaster and paneling, ornamental finishes, carpet, plain terrazzo |
Extensive lighting and outlets, good plumbing |
Warm and cool air (zoned) |
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Excellent |
Stone, face brick, fine ornamentation and displays |
Best plaster, ornamental ceilings, paneling, ceramic, hardwood, carpet |
Special lighting and outlets, good plumbing |
Warm and cool air (zoned) |
Class D (Wood or Steel Framed Exterior Walls):
|
Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
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Average |
Good stucco or siding, masonry trim, adequate front facade |
Drywall or plaster, good tile ceilings, vinyl composition and carpet |
Good lighting and outlets, standard fixtures |
Package A.C. |
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Good |
Masonry veneer, staggered set-backs, good fronts, mansard fascia |
Plaster and paneling, ornamental finishes, carpet, plain terrazzo |
Extensive lighting and outlets, good plumbing |
Warm and cool air (zoned) |
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Excellent |
Best masonry veneer, fine ornamentation and displays |
Best plaster, ornamental ceilings, paneling, ceramic, hardwood, carpet |
Special lighting and outlets, good plumbing |
Warm and cool air (zoned) |
Class S (Metal Frame and Walls):
|
Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
|
Average |
Sandwich panels, adequate display fronts, ornamentation |
Acoustic tile, vinyl composition, some carpet and interior trim |
Good lighting and outlets, standard fixtures |
Package A.C. |