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Docusign Envelope ID:38AFAC48-B02F-4009-9347-E5654482C416 <br /> • Based on the County's commercial appraiser consultant's analysis of comparable sales and the <br /> income approach, the County recommends increasing the demand depreciation on the building <br /> from 35%to 46%which would result in a revised value of$8,030,300. <br /> • GIS Map of Subject <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> • Comparable Sales and Income Approach <br /> • Commercial Appraiser Consultant's Analysis <br /> Motion of the Board Value Changed as Follows: $7,500,000 <br /> Made the motion Leon Meyers <br /> Seconded the motion Saru Salvi <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Property Identification: <br /> Property Owner Thermo Fisher Scientific Appellant(if different) Morgan Fowler/Ryan <br /> Asheville LLC LLC <br /> Property Address 6086 West Ten Road Parcel ID or Abstract 9834445110 <br /> Statement of Appeal: Request reduction in value based on a pro-forma income approach and equity <br /> comparables indicating a lower valuation. <br /> Current Assessed Value $36,100,500 ounty Opinion $39,670,900 <br /> Time of Hearin 10:29AM Appellant Opinion $32,647,000 <br /> County Representative Roger Gunn Board Decision $39,670,900 <br /> Evidence submitted by the appellant: <br /> • The appellant is requesting a reduction in value based on a pro-forma income approach and <br /> equity comparables indicating a lower valuation. <br /> Evidence submitted by the county representative: <br /> • The County has provided comparable industrial sales indicating a value of$116 per square foot <br /> or$44,186,997, and an income approach with an indicated value of$40,219,833 and a <br /> reconciled value of$41,000,000 from the two approaches. Based on these approaches and the <br /> County's commercial appraiser consultant's analysis (both attached)the county recommends <br /> removing the current E09 economic modifier on the property which would increase the <br /> subject's value to $39,670,900, aligning more closely to the indicated value from the income <br /> approach. <br /> • GIS Map of Subject <br /> • Current Property Record Card(4 pages) <br /> • Proposed Property Record Card(4 pages) <br /> • Comparable Sales and Income Approach <br /> • Commercial Appraiser Consultant's Analysis <br /> 6 <br />