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gutters, street lights, and sidewalks. The Mathew Street
frontage was partially improved with concrete curbs and gutters.
Building improvements on the Lafayette Property included an
industrial metal building on a concrete slab foundation.7 The
building included 11 grade-level metal rollup truck doors and a
23-foot-wide metal canopy over a concrete apron. The building
was used primarily for vehicle and equipment maintenance, but it
also had office space.8 The building was of an overall low-cost
to average construction quality with low-cost interior office
build-out. The building was built in 1978 and, at decedent’s
death, was in average condition with no significant problems.
There was also a 450-square-foot concrete block building suitable
only for storage located on the Lafayette Property. This
concrete building was in a state of substantial disrepair and did
not contribute any net value to the overall value of the
Lafayette Property.
At decedent’s death, both parcels of the Lafayette Property
were occupied by one tenant, Nelson Brothers Trucking Co.,
7 We assumed that the parties could agree on such matters as
the size of the building. However, petitioner’s expert shows the
building’s site area variously as 13,200 sq. ft., 12,800 sq. ft.,
and 12,866 sq. ft., while respondent’s expert shows it as 10,800
sq. ft. Neither side has explained the difference.
8 Petitioner’s expert states that “Office and restroom area”
was 1,638 sq. ft. Respondent’s expert states that “Office build-
out within the structure is estimated at 2,250 square feet”.
Neither side has explained the difference.
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