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My firm has been contracted by the City of Los Angeles to evaluate some dirt beneath large power lines. This area covers several blocks and is approximately 100 yds wide and 1-1.5 miles long. This area has been transformed into a greebelt with a running track and an occasional kids play area. Our problem is locating comparbales. Can anyone help point us in the right direction? City land isn't that forthcomming with sale prices. If someone is possibly interested in partnering up, let us know. We are looking for some direction and help.

Christian Abad (WCAbad@aol.com)

This is an older post, so you may not be checking anymore, but here goes anyway -

When I was appraising in California, we came across these fairly regularly. The key was still a highest and best use analysis. Driving around southern California you'll find uses under power lines ranging from equipment rental yards to nurseries. Essentially uses with no improvements that can be operated under power lines.

Take a look for what is being used now, broaden your geographic range if necessary, and complete a highest and best use analysis. Then compensate for the limitations and effects of being under a power line, hopefully with paired sales, and you're there.

Hope this helps!