Property Types
Retail, office and industrial sites, where access and parking carry more value than the ground.
On a commercial site the land itself is rarely the point. Value sits in visibility, in how easily customers and deliveries get in and out, in the number of parking spaces and in how vehicles circulate once they are on site.
A highway project that takes a narrow strip of frontage can leave the building untouched and still reduce what the property is worth, because it has changed every one of those things.
Frontage takes are the dangerous ones. A strip acquisition that relocates an entrance, removes parking rows or triggers a median closure can damage a trading site far beyond the value of the land acquired.
The short answer
On commercial property, examine access, parking count and circulation before you examine the price per square foot.
Entrances, crossovers and turning movements.
Read moreFrontage strips and corner takes.
Read moreThe site as it functions afterwards.
In preparationHow the land itself is measured.
Read moreEffects on an operating business.
In preparationThe commonest source of frontage takes.
Read moreParking counts often tie to planning requirements. Falling below a threshold can affect what the site may lawfully be used for.
A relocated or narrowed entrance changes how traffic reaches the site, and for retail that is close to being the whole asset.
Losing inbound turns from one direction can halve the catchment without taking any additional land.
Delivery vehicles need turning room. A take that removes it may make a site unusable for its current occupier.
Appraisals sometimes assume a fix such as re-striping or reconfiguring a car park. Test whether it is actually practical.
Leases, rent reviews and the tenant own position all interact with a taking. Raise them early.
Very possibly. Section 40A-64 measures the reduction in the value of the entire tract, and a frontage take that harms access and parking reduces that value even though no structure was acquired.
Through its effect on the value and usability of the remainder, which is exactly what the before and after comparison is for.
Effects on occupancy and income feed into the value of the remainder. How business losses themselves are treated is a question for a licensed North Carolina attorney on your facts.
On commercial partial takings this is common practice, because the contested ground is the remainder analysis rather than the land value.
Explore North Carolina resources matched to your property, the project affecting it, and the stage you have reached.
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