Select Page

Client profile

A 58,295 sq. ft., 153 bed skilled nursing facility constructed in 1982.

Altus Group appealed and reduced the assessed value from $21.3 million to $15.8 million, resulting in savings of $215,054 over 3 years.


An 11% vacancy and collection loss was applied to arrive at an effective gross income of $15,010,019. An 82% expense factor was entered, ending with a net operating income (NOI) of $2,701,803. A base capitalization rate was chosen at 11%, which was tax-loaded by an ETR of 1.626% — for a total capitalization of 12.626%. The NOI was divided by the total cap rate for a value of $21,391,900, or $139,816 per bed.

Services provided

Our technology-enabled expert services enable commercial real estate professionals to connect to the market with greater speed, visibility and efficiency.

Connect with us

Want to learn more? Let us know what you're interested in and one of our team members will be in touch.

Last updated on July 29th, 2019 at 05:40 pm

forumContact us

Thank you for contacting us. we will get back to you shortly!

This site uses cookies to improve your user experience. By using our website, you are agreeing to our use of cookies.
Click here for more information.