Orange County NC Website
Docusign Envelope ID:ADED06F5-BFB5-43BF-87F1-32AB8A5DEDDF <br /> • The subject property is a 330,000 square feet warehouse constructed in 1923 and assessed at <br /> $31,429,200 or$95.24 per square foot. <br /> • Like the appellant,the County has considered the value of this parcel collectively with PIN <br /> 9834262184. Based on the attached Commercial Appraiser Consultant's Analysis,the current <br /> value of the subject is well supported by comparable sales and the income approach and no <br /> adjustment in value can be supported. As a result,the County is recommending no change to <br /> the current assessed value. <br /> • GIS Map of Subject <br /> • Current Property Record Card(2 pages) <br /> • Comparable Sales and Income Approach <br /> • Commercial Appraiser Consultant's Analysis <br /> Motion of the Board Accept County's Proposed Value: P31,419,200 No change in value <br /> Made the motion Shannon Julian <br /> Seconded the motion Richal Vanhook <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner Buckhom Industrial II Appellant(if different) Morgan Fowler/Ryan <br /> LLC LLC <br /> Property Address 6365 Buckhorn Industrial Parcel ID or Abstract 9834262184 <br /> Parkway <br /> Statement of Appeal: Request reduction in value based on a market proforma and equity comparables. <br /> Current Assessed Value $20,038,300 ounty Opinion $20,038,300 <br /> Time of Hearin 9:53 AM Appellant Opinion $18,042,000 <br /> County Representative Roger Gunn Board Decision $20,038,300 <br /> Evidence submitted by the appellant: <br /> • The appellant is requesting a lower valuation based on a market proforma and equity <br /> comparables. The appellant has valued this property collectively with PIN 9834175146 as one <br /> economic unit with a combined requested value of$46,394,000 and$18,042,000 attributable to <br /> the subject parcel. <br /> Evidence submitted by the county representative: <br /> • The subject property is a 210,000 square feet warehouse constructed in 1923 and assessed at <br /> $20,038,300 or$95.42 per square foot. <br /> • Like the appellant,the County has considered the value of this parcel collectively with PIN <br /> 9834175146. Based on the attached Commercial Appraiser Consultant's Analysis,the current <br /> value of the subject is well supported by comparable sales and the income approach and no <br /> 5 <br />