Office properties can be owner occupied or investor owned as well as leased to various tenants. They also range in shape and size from small office condominiums to large high-rise structures. Appraisers typically value office properties using compared sales for owner-occupied buildings or rental incomes for multi-tenant facilities. Their mass appraisal systems often rely on the cost approach to value assessment. The potential issue lies in that cost and value are not the same. Together, Uzelac & Associates’ certified general appraisers and trained consultants have appraised thousands of office properties to estimate their market values. We know the details that can result in tax savings for you.