Transforming retail property tax challenges into opportunities with our strategic solutions
Retail Property
Valuation
Valuing Retail: Unique Challenges
Market Dynamics
The retail industry is dynamic and influenced by various factors, such as consumer preferences, economic conditions, and online competition. Accurately assessing the value of a retail property requires a deep understanding of market trends and dynamics specific to the retail sector.
Lease Analysis
Lease structures in retail properties can vary significantly, including triple net leases, percentage rents, or gross leases. Analyzing lease terms, tenant mix, rental rates, and occupancy levels is crucial to accurately determining the property’s value.
Property Characteristics
Retail properties come in various forms, such as shopping centers, malls, or stand-alone stores. Each type has unique characteristics, including location, size, tenant quality, visibility, and access. These factors must be carefully considered to ensure an accurate valuation.
Achieving Lower Valuations: Our Approach
Comprehensive Analysis
Our experienced professionals conduct a thorough analysis of the retail property, considering market dynamics, lease analysis, property characteristics, and other relevant factors. What is the property’s highest and best use? This comprehensive analysis ensures an accurate valuation that reflects the property’s true worth.
Market Research and Comparative Analysis
We leverage extensive market research and perform comparative analyses of similar retail properties in the area. By benchmarking against comparable properties and assessing their assessed values, rental rates, and market performance, we advocate for fair valuations based on accurate market data.
Lease Audit and Lease Structure Optimization
Our team performs lease audits to identify potential errors or discrepancies that may impact the property’s value. Additionally, we analyze lease structures to optimize them for tax benefits, such as seeking percentage rent adjustments or identifying opportunities for assessment reductions.
A full life-cycle partner from acquisition to disposition
Pre-Acquisition Reports
Our team prepares tax projections for you as you are in the due diligence and underwriting period. Quick numbers, or a full report for an equity partner.
Real Estate Tax Appeals & Litigation
Our team is aggressive through the board level to achieve favorable results. We pursue and partner with you through litigation when needed.
Budget Estimates and Future Tax Projections
Our experts guide you in future tax projections, utilizing local knowledge of historical trends to help you budget going forward.
Tax Bill Audit & Check Writing Services
Full outsourcing of the check writing process is available through KEA. We paid more than $2 Billion in property taxes alone last year on behalf of clients.
Retail practice by the numbers.
free standing retail locations
percentage of jurisdictions in the country with coverage
professionals working at KEA
Best in class software architecture for real estate appeal management
Our large, in-house software development team has built a first-class web-based application that is proprietary to KEA. This allows for portfolio tracking, immediate document downloads (notices, bills), accruals, and status tracking.
