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Docusign Envelope ID:056FE2E5-FAD3-473E-9E3E-E287COF06262 Property Identification: Property Owner M4 Property Management Appellant(if different) Brian McGregor LLC Property Address 2207 Leah Drive, Parcel ED or Abstract 9873180351 Hillsborough Statement of Appeal: Request a reduction in value based on comparable sales and values in the same business park. Current Assessed Value $2,170,600 County Opinion $1,872,800 Time of Hearin 1:00 PM Appellant Opinion $1,699,584 County Representative Roger Gunn Board Decision $1,872,800 Evidence submitted by the appellant: • I know the value of my property has gone up over the years but it's hard to believe that the property went up in value from 2020 to 2021 raised 11.94%from 2024 to today the valuation showed a 146.21% increase. In dollar terms 1,289,000.00. I believe the real value is a lot less. My research shows that there are not many sales in the area. Comparing the valuation to other properties in the business park is also high. The new sales are below. Parcel Id 9873067931 sold last year for 825,000.00(Has 2 buildings= 4496 sq ft)Building value= 121.57 per Sq ft Parcel id 9873282865 Land sale last year.paid 200000.00 for 2.12 acres(94,339.62 per acre)Parcel id 9873176344 Land sale.paid 355,000.00 for 2 lots 1.64 and 1.70=3.34 acre 106,287.42 per acre My Building(parcel Id 9873180351)is 12800 sq ft By using the same cost per sq ft 121.57 = 1,556,096.00 My land is 1.35 acres @ 106.00(By using the highest sold comp)= 143488.00 The total value is= 1,699,584 There are more examples based from your own evaluations of commercial properties in Old Mill Business Park. Parcel id 9873272844 This property has a 10,020 sq ft building that is all brick exterior,fully finished office and air conditioned with land to expand for more buildings. The current 1,529,200.00 Evaluation is 641,400.00 less than my property. Parcel id 9873180593 This property is next door and has a evaluation of 1,482,400.00 that is 688,200.00 less than my property Parcel ID 9873170966 This property is also next door and has a evaluation of 1,393,400 that is 777200.00 less than my property. The square footage is wrong due to a mezzanine and office upstairs. Based off of the last three parcels the value should be some were between 1,393,400.00 and 1,529,200.001 would like to say that my building is a flex warehouse type space which has a small office and work area and a warehouse. (3 rental units total)Unit 1. 1200 sq ft office, 1200 sq ft production, 4400 sq ft warehouse with a total of 6800 sq ft Unit 2. 1200 sq ft office,2000 sq ft warehouse and total 3000 sq ft Unit 3. 1200 sq ft office,2000 sq ft warehouse and total 3000 sq ft. Evidence submitted by the county representative: • Per the County's commercial property consultant, "The appeal contains a lot of information. The start is a discussion of a sale at parcel 9873067931. The sales price is referenced at$121.57/SF,but it is actually$183/SF, so I think that the owner has referenced a sale but then pulled only the building assessment out of that?It's worth noting that the sale is not very comparable. Then a number of land sales are referenced