Most of an industrial property’s value is the real estate, but not all of it. RealAdvice® helps commercial real estate buyers pay only the taxes that they legally owe by separating non-taxable intangible value from taxable real estate at closing.
The purchase price of a leased warehouse or distribution center may reflect more than the property itself:
In many states, these benefits may fall outside the taxable value of the real estate. Unless they are identified and valued separately before the sale closes, they may remain included in the property assessment.
Which of these a purchase includes, and how much, depends on the property and the deal. Rules vary by state.
Our PairedExpert™ approach pairs an MAI (Member of the Appraisal Institute) appraiser for the real estate with a CPA/ABV (Certified Public Accountant, Accredited in Business Valuation) specialist for the lease value. Both sign one reconciled ProperTax Appraisal™, typically issued about ten days before closing. The report is restricted to state and local tax use, so it doesn’t change your lender’s appraisal or your federal taxes.
The Florida Department of Revenue approved our methodology in 1991. Courts upheld it in the Disney rulings in 2018 and 2020, and it was vetted in federal bankruptcy court in 2022.
Yes. In-place leases with credit tenants and the leasing costs a buyer avoids are intangible value, and on larger acquisitions and portfolios that adds up. The free estimate shows what’s in your deal before you commit to anything.
Lower taxes make your property more competitive. Tenants pay less to occupy the space, which can support rent and renewals. It also makes your cash flow more predictable.
No. The ProperTax Appraisal is restricted to state and local tax use. It doesn’t change your lender’s appraisal or your federal tax basis.