Automobiles make it much easier to do your marketing--and produce that desired effect so overabundantly that they go on to promote the rise of a recreational form called "shopping" and a landform called "sprawl" and a waste of time called "traffic." Almost anything done with digital computers has this sort of superadequacy
, and with a few billion networked computers, somewhat more.
In a similar vein, the concept of "superadequacy
This per-square-foot value reflected the extent to which the amenities enhanced the value of the main residence while also accounting for the subject property's location, size, and superadequacy
Kansas Star Casino, LLC (Kansas Star) considered the arena component of its property (including an open-air event pavilion, a covered arena, and 183 horse stalls) completely obsolete due to superadequacy
. The arena component is not profitable, and Kansas Star concluded that the arena was fundamentally incompatible with its gaming operations.
* In the cost approach, a build-to-suit property generally has specialized improvements that are part of the real estate value for a high performer but for a poor performer represent a superadequacy
that must be deducted from value.
No tenant equals no rent, and specialized improvements may or may not garner the same rent premium in the marketplace as generic improvements, which could result in superadequacy
and/or negative leverage.
Put another way, the cost premium of NZE may reflect some level of either superadequacy
or functional obsolescence.
Adjustments for physical characteristics are typically made for plant design, fuel type, unit size, shutdown units, capacity factor, heat rate, plant condition, age, superadequacy
, functional utility, and remaining license life.
Perfect match, and a great way to do away with the whole concept of functional obsolescence or superadequacy
. Alas, inappropriate for a market value estimate.
It is easy to get too fancy and outsmart oneself with complicated ways to measure obsolescence and superadequacy
. This is one of the great values of the cost approach.
This is the foundation of the concept of functional obsolescence and superadequacy
in security-enhanced construction is a concern for many building owners as well.