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Docusign Envelope ID:C8E723E3-2B12-40AF-B37E-6AE9409FEA45 <br /> Property Identification: <br /> Property Owner 23 West 69th Street Corp. Appellant(if different) Michael Benak <br /> Property Address 1200 US 70 E I Parcel ID or Abstract 19875004490 <br /> Statement of Appeal: Request a reduction value based on an income approach and comparable pharmacy <br /> sales. <br /> Current Assessed Value $3,713,100 ounty Opinion $3,713,100 <br /> Time of Hearin 1:05PM Appellant Opinion $3,199,412 <br /> County Representative Roger Gunn Board Decision $3,713,100 <br /> Evidence submitted by the appellant: <br /> • The income approach and sales of pharmacies support a lower valuation. <br /> Evidence submitted by the county representative: <br /> • The subject is a Walgreens Pharmacy built in 2005 containing 11,984 square feet of gross <br /> building area and is assessed at$3,713,100 or$309.84 per square foot. The appellant's <br /> evidence was analyzed by the County and the County's commercial appraiser consultant. <br /> Based on both the analysis of the appellant evidence and evidence compiled by the County's <br /> commercial appraiser consultant(attached), it is the County's current assessed value is <br /> supported by the income approach and relevant pharmacy sales. No adjustment to the current <br /> assessed value is recommended. <br /> • Photograph of Subject <br /> • Location Map of Subject <br /> • Current Property Record Card of Subject <br /> • Commercial Appraiser Consultant Analysis <br /> Motion of the Board Accept County's Proposed Value: $3,713,100 No Change in Value <br /> Made the motion Richal Vanhook <br /> Seconded the motion Leon Meyers <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner DRE Investors LLC Appellant(if different) Mr. Patel <br /> Property Address 104 Mallette Street Parcel ID or Abstract 9788267431 <br /> Statement of Appeal: Request a reduction in value based on the value of comparable properties. <br /> Current Assessed Value $4,252,800 County Opinion $4,252,800 <br /> Time of Hearin 1:46PM Appellant Opinion $2,000,000 <br /> County Representative Roger Gunn Board Decision $4,252,800 No Change in Value <br />