This occupancy, together with occupancy 991 (Interior Space, Community Shopping Center), allows you to individually price the shell and the tenant improvement costs for a community shopping center (in separate sections of the report). This provides an alternative to occupancy 413 (Community Shopping Center), which includes both the shell and tenant improvement costs.
A community shopping center shell is typically an intermediate group or cluster of unfinished store spaces (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 shell buildings only and include only the necessary rough plumbing and electrical connections to provide for the operation of the satellites, including service areas and fixtures. Interior finish consists of bare space with concrete floor, demising walls and storefront entries commensurate with the quality.
You can add interior retail space build-out (tenant improvement) costs using occupancy 991, Interior Space, Community Shopping Center (which you must enter in a different section).
If the community shopping center includes an anchor, use the appropriate occupancies (e.g., 319 for discount store, 350 for restaurant, etc.).
For the 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 |
-- |
In addition to being an aid in selecting a building’s quality, the following indicates what is included in the base shell cost. Note that HVAC costs have been included in the total with the finished build-out space in occupancy 991 (Interior Space, Community Shopping Center). You can allocate a prorated amount back to the shell cost if needed by selecting the appropriate HVAC component and entering a percentage of the total floor area, typically 30% to 50%.
Class C (Masonry Bearing Walls):
|
Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
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Average |
Brick, block, stucco, best tilt-up, bearing or frame, adequate displays |
Bare retail floor slab, some bare partitioning |
Rough retail electrical and plumbing, some service outlets |
None |
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Good |
Face brick, best block, mansard ornamentation and display fronts |
Bare retail, floor slab, some service-storage area |
Rough retail electrical and plumbing, some service fixtures |
None |
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Excellent |
Stone, face brick, fine ornamentation and display fronts |
Bare retail, floor slab, some service-storage area |
Rough retail electrical and plumbing, some service fixtures |
None |
Class D (Wood or Steel Framed Exterior Walls):
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Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
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Average |
Good stucco or siding, masonry trim, adequate front facade |
Bare retail floor slab, some bare partitioning |
Rough retail electrical and plumbing, some service outlets |
None |
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Good |
Masonry veneer, staggered set-backs, good fronts, mansard fascia |
Bare retail, floor slab, some service-storage area |
Rough retail electrical and plumbing, some service fixtures |
None |
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Excellent |
Best masonry veneer, fine ornamentation and display fronts |
Bare retail, floor slab, some service-storage area |
Rough retail electrical and plumbing, some service fixtures |
None |
Class S (Metal Frame and Walls):
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Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
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Average |
Good metal panels, adequate display fronts, ornamentation |
Bare retail floor slab, some bare partitioning |
Rough retail electrical and plumbing, some service outlets |
None |