Do tax assessments ever reprice your retail deals?
Hi Shadia,
Quick question from a founder doing research — not a pitch. When you're selling a strip center or retail investment property and the tax assessment is clearly too high, does that ever kill or reprice the deal? And who fixes it today?
I'm researching an appeal service for exactly the sub-institutional tier ($1–8M properties), contingency-only — the owner pays a percentage of savings won, nothing otherwise. Retail brokers keep coming up as the people who see the problem first.
One example from my research: a 2018 office building in downtown Alpharetta assessed at $298/sqft while a comparable 2020 building in the same assessor neighborhood sits at $167/sqft — about $40K/year of tax in that gap, and the owner has never appealed.
Could I grab 15 minutes Tuesday June 16 (12–2:30pm ET) or Thursday June 18 (12:30–4pm ET)? Happy to work around you. I'll share what I learn across these conversations.
— Stephen Fong