The document discusses the importance of properly accounting for refrigeration costs when appraising cold storage facilities. It notes that refrigeration costs can range from $30-60 per square foot of cooled area. Without recognizing these additional capital costs and ensuring adequate returns, an investment will not attract investor interest. The document provides an example where refrigerating 50% of a 100,000 square foot building at $40 per square foot would add $2 million in capital costs, equivalent to raising the overall property value by $20 per square foot. Failure to properly consider refrigeration costs can lead appraisals to be off by 25-50%.