What defines a “special use” property?

A “special use” property is defined as one that is designed for a specific purpose and typically presents unique appraisal challenges. These properties are not easily interchangeable with other types of uses due to their specialized nature. For example, properties such as churches, schools, or hospitals fall into this category, as they serve particular functions that require specific features and amenities that are not necessarily found in standard commercial or residential properties.

The unique design and use requirements of special use properties can create particular challenges for appraisers when determining value. This includes considering factors such as the property's income potential, market demand for such specialized facilities, and potential for repurposing, which may not be as straightforward as standard properties. Understanding these characteristics is crucial for accurate appraisal and effective property management in the context of Oregon's real estate market.