RII has extensive experience with transportation related appraisals of all types and for all purposes

  • Fair Market Value (FMV) report to determine highest and best value between Physical Assets, Income Value or Replacement Cost
  • Net Liquidation Value (NLV) report- including liquidation, salvage, transport, transfer costs for track components, equipment, real property and structures, related facilities
  • Corridor valuations, Easements values and special rights
  • Eminent domain, condemnation, abandonments, Offers of Financial Assistance (OFA)
  • Going Concern Value (GCV) for business operations, profitability, revenues and other income
  • EBITDA, Discounted Cash Flow and Return on Investment for Investors
  • Replacement costs and construction capital costs
  • Stock Values, Future values and retroactive values
  • USPAP Guidelines suitable for STB Filings, FRA and FTA requirements, IRS donation and estate tax filings
  • Specialized models for railroad components and costs, income and revenue streams, traffic and rate projecting


  • North Carolina Railroads Evaluation

    This project was an appraisal of 317 miles of track owned by the state of NC and operated by Class I Norfolk Southern Railroad. The appraisal included 3 divisions with different track profiles, over 8,000 acres of property and 47 buildings. The corridor was inspected for condition, inventory and operations, and NCRR’s GIS system was utilized to identify and measure right of way width, sidings, cross-overs, turnouts and crossings along the entire corridor. The appraisal included over 1,500 easements, both by contract and assumed, of numerous types including underground, overhead, longitudinal roadways, etc. and identified additional encroachments for potential revenue seeking and appraisal discounting. The appraisal also included extensive Class I track components on Norfolk Southern’s Piedmont Division on track maintained in condition handling frequent Amtrak trains on its Crescent Line.