Measuring Real Property Flashcards
To be considered a finished area, a room must be enclosed, heated/cooled, and safe and comfortable for habitation through all seasons.
Liveable Area
The suite in the office building where an engineering firm’s employees work
The section of a warehouse where a small manufacturer stores their goods
The retail shop at the mall where a local artisan sells their goods
Useable Square Footage (USF) Net Sq. Footage
Rentable square footage includes a tenant’s usable square footage and common areas.
While usable square footage is only concerned about the area that a tenant occupies (within the walls), rentable square footage is concerned with the entire space that a tenant may access.
Rentable square footage could include a tenant’s usable square footage plus:
The greeting lobby on the ground floor of a big office building
The shared restrooms down the hall from an office suite
The elevator shaft used by all tenants to access a building
The parking lot of a shopping mall
Rentable Square Footage (RSF)
Triangle: 1/2 x base (bottom) x height
Feet to yards Sq. Footage / 9
Yards to feet (Multiply by 9)
Price per Sq. foot (Asking Price divided by total sq feet
Formulas
You probably know about yards. You know, the bigger cousin of the foot. And you may already know that 1 yd. is equal to 3 ft.
So, it stands to reason, then, that 1 sq. yd. is equal to 9 sq. ft.
This is because 3 squared (3 x 3) = 9.
Square yards
is the portion of the boundary of a lot that borders the street. Frontage is measured in front feet.
A front foot is a unit used to measure a property that borders a street. One front foot is one foot of property bordering the street. When giving the dimensions of a property, the front feet are always stated first. For example, if a property is 150 ft. x 313 ft., the property has a frontage of 150 ft., or, 150 front feet.
Frontage
