Industrial
Industrial includes those units used for retail, office, industrial and/or storage purposes. Typically, industrial properties are valued using the sales comparison approach. There are sufficient market sales annually to provide a suitable sample size from which to derive satisfactory information to produce rates which result in market value assessments. The significant characteristics that affect value include:
- Building type: single or multi tenant
- Net rentable area
- Actual year of construction
- Quadrant/Location
- Office/Retail ratio
- Site Coverage
City Business
Assessment & Taxes
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