Industries

Transforming retail property tax challenges into opportunities with our strategic solutions

Our Approach

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.

Capabilities

A full life-cycle partner from acquisition to disposition

01.

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.

02.

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.

03.

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.

04.

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.

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free standing retail locations

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percentage of jurisdictions in the country with coverage

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professionals working at KEA

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Technology

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.

From Our Team

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Case Study: Retail

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    Property Tax

  • Result

    Provided accruals monthly at the store level for a client with thousands of locations across more than 50 states

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Case Study: Retail National Brand

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