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Real Estate Analysis: Identifying Land Use & Industry Codes for Wichita Eagle Building - P, Assignments of Introduction to Business Management

In this real estate market analysis homework assignment from fall 2005, students are tasked with finding the land use description, building style, and naics code for the wichita eagle building. The authors of the plane vista apartment example collected data from the sedgwick county appraiser's website and the u.s. Bureau of labor statistics. Students must identify the correct codes and consider the potential impact on the analysis methods used in the plane vista apartment example. Hint: the wichita eagle is a newspaper printer and publisher located at 825 e. Douglas, wichita, kansas.

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Pre 2010

Uploaded on 08/17/2009

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RE 690 Market Analysis for Real Estate
Fall 2005
Homework 2 Data Pitfalls Due Sept. 14
Dr. Stanley D. Longhofer
MW 9:30-10:45
In the Plane Vista Apartment example, the authors collected data on land use from the
county appraiser’s office. The authors also collected employment data by industry from
the U.S. Bureau of Labor Statistics for the area. The authors then matched the land use
codes as closely as possible to industry codes. Then “for about 20 major land
use/industry groups, we divide the total enclosed building space from our property data
by the total employment in the associated industry.” This yielded the authors a rough
measure of space per employee.
Questions to answer:
1) What land use description is listed for the Wichita Eagle building on the Sedgwick
County Appraiser’s website? (http://www.sedgwickcounty.org/)
2) What building style description is listed for the Wichita Eagle building on the
Sedgwick County Appraiser’s website?
3) How would the Wichita Eagle company be classified under NAICS?
4) What, if any, impact would this information have on the analysis methods used in the
Plane Vista Apartment example?
5) Write a 1-page summary of your findings and be prepared to discuss in class.
Helpful hints: the Wichita Eagle is located at 825 E. Douglas, Wichita, Kansas. The
Wichita Eagle is both a newspaper printer and a newspaper publisher combined.
Note the title of the assignment there is a pitfall to be found in this exercise!

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RE 690 – Market Analysis for Real Estate

Fall 2005 Homework 2 − Data Pitfalls − Due Sept. 14

Dr. Stanley D. Longhofer MW 9:30-10:

In the Plane Vista Apartment example, the authors collected data on land use from the county appraiser’s office. The authors also collected employment data by industry from the U.S. Bureau of Labor Statistics for the area. The authors then matched the land use codes as closely as possible to industry codes. Then “for about 20 major land use/industry groups, we divide the total enclosed building space from our property data by the total employment in the associated industry.” This yielded the authors a rough measure of space per employee.

Questions to answer:

  1. What land use description is listed for the Wichita Eagle building on the Sedgwick County Appraiser’s website? (http://www.sedgwickcounty.org/)

  2. What building style description is listed for the Wichita Eagle building on the Sedgwick County Appraiser’s website?

  3. How would the Wichita Eagle company be classified under NAICS?

  4. What, if any, impact would this information have on the analysis methods used in the Plane Vista Apartment example?

  5. Write a 1-page summary of your findings and be prepared to discuss in class.

Helpful hints: the Wichita Eagle is located at 825 E. Douglas, Wichita, Kansas. The Wichita Eagle is both a newspaper printer and a newspaper publisher combined.

Note the title of the assignment – there is a pitfall to be found in this exercise!