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Docusign Envelope ID:OA23A6A2-42FE-4EAO-B414-FA2F89F77BF7 <br /> County Representative I Roger Gunn Board Decision $6,795,900 <br /> Evidence submitted by the appellant: <br /> • Based on 2022,2023, and 2024 financial documents,the indicated value from the income <br /> approach is $5,955,016. Requested value is stated at $5,985,500. <br /> Evidence submitted by the county representative: <br /> • Based on the analysis of the County's commercial appraiser consultant,it is the County's <br /> position that a change in value is not supported by the appellant's evidence. <br /> • GIS Map of Subject <br /> • Current Property Record Card <br /> • Commercial Appraiser Consultant's Analysis <br /> Motion of the Board Accept County's Proposed Value: $6,795,900 No change in value <br /> Made the motion Leon Meyers <br /> Seconded the motion Shannon Julian <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner M. L. Barnes Appellant(if different) Alexander <br /> Alcock/Baker Till <br /> Property Address 1 1201 Raleigh Road Parcel ID or Abstract 9798252883 <br /> Statement of Appeal: Request reduction in value based on a Cost Approach. <br /> Current Assessed Value $1,344,300 ounty Opinion $1,344,300 <br /> Time of Hearin 10:56 AM Appellant Opinion $1,113,000 <br /> County Representative Roger Gunn Board Decision $1,344,300 <br /> Evidence submitted by the appellant: <br /> • The appellant is requesting a lower valuation based on a Cost Approach performed on the <br /> 2,635 square foot convenience store. <br /> Evidence submitted by the county representative: <br /> • The subject property consists of an older 2,635 square foot convenience store as well as a <br /> 5,520 square foot office building,both constructed in 1953,but having been renovated from <br /> time to time over the course of their 72 year physical lives. <br /> • Although the agent provides no information as to the value of the office component, sales of <br /> older convenience stores alone support the assessed value of the property. Please see attached <br /> convenience store sales. For this reason, no adjustment to the current assessed value can be <br /> supported. <br /> • GIS Map of Subject <br /> • Current Property Record Card <br /> • Convenience Store Sales <br />