Commercial Reappraisal Information

Cap Rate Study

Appraisers use a capitalization rate, or "cap rate" to convert the Net Operating Income (NOI) into a value. The Shelby County Assessor conducted a study of the local commercial real estate market and produced a "Cap Rate Study" for the 2017 Reappraisal. The complete Cap Rate Study is available for download in PDF format by clicking the following link:

2017 Shelby County Cap Rate Study