Complex and Special Purpose Real Estate Appraisal

Our experience with special purpose properties of all types led The Appraisal Institute to select Clarion Associates to prepare the official Appraisal Institute seminar on the valuation of special purpose properties, entitled Special-Purpose Properties: The Challenges of Real Estate Appraising in Limited Markets. While most of our appraisal assignments involve valuation of fee interests, we are skilled in the valuation of leasehold interests and other types of less-than-fee interests such as easements and development rights, as well as separating business value from real estate value for ad valorem taxation or other purposes. We also have experience in analyzing the impact of environmental risks and other types of environmental factors on the value and markets for nearby and adjacent properties.

Clarion Associates, Inc. has significant national practice in valuation and counseling assignments involving types of special purpose properties in the following major categories:


  • Mecikalski Stovewood Building, Jennings, Wisconsin
  • South Carolina State Museum, Columbia, South Carolina
  • Proposed railroad museum, Lima, Ohio


  • Midway Airport, Chicago, Illinois
  • Palwaukee Airport, Wheeling, Illinois
  • Proposed Chicago 3rd Airport
  • O’Hare Airport, Chicago, Illinois


  • Clark Pit Quarry, Arapahoe County, Colorado
  • Tani Pit, Adams County, Colorado
  • Howe-Haller Pit, Adams County, Colorado
  • Quarries in Pennsylvania, Canada and Illinois

Health Clubs

  • Atlanta Sporting Club, Atlanta, Georgia
  • Tysons Corner Sporting Club, Tysons Corner, Virginia
  • Three tennis clubs in suburban Chicago locations

Radio/TV Broadcasting Facilities

  • WGN Transmitter, Elk Grove, Illinois
  • Minnesota Public Radio Transmitter, St. Paul, Minnesota

Specialized Industrial Facilities

  • Saturn integrated automobile manufacturing facility in Spring Hill, Tennessee
  • Henderson molybdenum mill and processing facility in Grand County, Colorado
  • Steel fabricating facilities in the Chicago metropolitan area
  • Border Steel, an operating steel mill in El Paso, Texas
  • The pollution control facilities at an operating coal mine in Southern Illinois
  • South Carolina Department of Revenue in ad valorem taxation proceedings involving two large chemical processing facilities in South Carolina
  • ABC rail switch manufacturing facility
  • Best Foods processing facility
  • Wilson Foods processing facility

Theme Parks

  • Marriott's Great America, Gurnee, Illinois

Natural Resource Land (Timber and Water)

  • Timber land in Maine, New Hampshire, Pennsylvania, Georgia, South Carolina, Florida, Montana, California, Alaska, Nova Scotia and New Brunswick
  • The largest remaining stand of old growth redwood forest in the State of California
  • Land in Colorado for its water storage potential
  • Market analysis of over 750,000 acres of wilderness land on the banks of Prince William Sound, along the Gulf of Alaska shoreline of the Kenai Peninsula, and on Kodiak Island

National Park Concessions Facilities

  • South Rim of the Grand Canyon (more than 300 structures including hotels, restaurants, retail shops, support and maintenance structures, and employee housing)
  • Yellowstone National Park (retail stores and employee housing)
  • Signal Mountain Lodge in Grand Teton National Park (retail stores and employee housing)
  • Rocky Mt. National Park in Colorado (retail facilities and land near the headwaters of the Colorado River)
  • White Sands Concessions Inc. in New Mexico
  • Sol Duc Hot Springs in Olympic National Park, Washington State


  • AMTRAK and other railroad companies in Michigan, Wisconsin, Indiana, Tennessee, California, Arkansas and Texas.
  • 8.75 miles of CSX right-of-way in Manistee, Michigan
  • 1400 miles of Chicago, Rock Island and Pacific right-of-way in Missouri, Iowa, Minnesota, and Illinois
  • Chicago and Northwestern commuter lines
  • Milwaukee Road commuter lines
  • Illinois Central Gulf commuter lines in the Chicago area
  • Train sheds and baggage building, Nashville, Tennessee
  • L & N Depot, Bowling Green, Kentucky
  • Santa Fe Depot, San Diego, California
  • Santa Fe Depot, Pasadena, California

Military Installations

  • Market analysis and Valuation of Fort Sheridan on Chicago's north shore
  • Various units of local government as part of the base closure effort by the U.S. Army (BRAC)
  • Richards-Gebaur Air Base in Kansas City
  • Kelly Air Force Base, San Antonio, Texas


  • Lowry Landfill, Arapahoe County, Colorado
  • GROWS and Tullytown Landfills, Bucks County, Pennsylvania
  • SWANCC Landfill, Bartlett, Illinois


  • Texas Theater, San Antonio, Texas
  • Wiltern Theater, Los Angeles, California
  • Temple of Music and Art, Tucson, Arizona
  • Palace Theater, Louisville, Kentucky
  • Chicago Theater, Chicago, Illinois
  • Oriental Theatre, Chicago, Illinois

Water Storage/Irrigation Facilities

  • Valuation of water storage facilities and irrigation systems in Canada and Utah


  • Marina Facilities in Vermont, Florida, Michigan, Arizona, Wyoming and Nevada

Post Offices

  • Chicago Main Post Office
  • Sault Ste. Marie, Michigan post office

Development Rights

  • Transferable development rights, Larimer Square, Denver, Colorado
  • Transferable development rights, New York City
  • Transferable development rights, Washington D.C.
  • Commonwealth Edison Substation, Dearborn and Washington Streets, Chicago, Illinois
  • More than 100 separate TDR analyses preformed as part of preservation easement consulting