Valuation Methodology and Framework for Estimation of Right-of-Way Value

Details

• Creators:
  Kraus, Edgar ; Holik, William ; Anderson, Paul R. ; Quiroga, Cesar ; Trojacek, Seth
• Corporate Creators:
  Texas A&M Transportation Institute
• Corporate Contributors:
  Texas. Dept. of Transportation. Research and Technology Implementation Office ; United States. Department of Transportation. Federal Highway Administration
• Subject/TRT Terms:
  • Right of way (Land)
  • Valuation
  • Land values
  • Appraisals
  • Estimation theory
  • Right-of-way valuation
  • right-of-way lease
  • valuation methodology
  • right-of-way use
  • saltwater pipeline lease
  More +
• Publication/ Report Number:
  FHWA/TX-23/0-7053-R1
• Resource Type:
  Tech Report
• Geographical Coverage:
  Texas ; USA use- United States
• Edition:
  2020–May 2022
• Corporate Publisher:
  Texas A&M Transportation Institute
• Abstract:
  TxDOT manages over one million acres of right-of-way, which is used by a variety of third parties to install facilities such as utilities, saltwater pipelines, and small cell nodes. Third parties include common carriers, who install facilities for public use, and private parties, who install facilities for private use. Common carriers access the right-of-way via permit, for which TxDOT does not have the authority to charge a fee. Private parties lease the right-of-way, and the associated fees are intended to cover administrative costs and the value of the right-of-way. This project developed a valuation methodology and framework to assess the value of the right-of-way for leases of various longitudinal distances and durations and assessed whether common carriers are violating their permits by installing additional facilities and leasing them to private parties. The framework is available as a spreadsheet tool for use within Microsoft Excel and an interactive GeoJSON mapping tool for use in a web implementation.
• Format:
  PDF
• Funding:
  0-7053
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/72328/dot_72328_DS1.pdf
• File Type:
  [PDF - 3.22 MB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha-512:3f55de8eac8847eeaab56338471fbb798fbf693df88244efd970a368a62b706f2f19af9d181c66f56ac12dca6d4753266c8ab37a3d270928a839a84c751686a5