Show an over-assessment through the income approach

For Appraisers & valuation · also Corporate real estate teams, Owner-operators & property managers

What is the fair market rent for [size] SF of [use] space at [address]? Then underwrite this: [address] at its assessed value of [assessed value] from the attached T-12 and rent roll, using that market rent — what NOI and cap rate does the assessment imply?

You give

The address; the T-12; the rent roll; the assessed value; the size; the use

You get

Fair market rent, $/SF/year and per month, with the leases behind it, in the assistant

Then

Underwriting — ask for it in the same conversation once step 1 is done