Commercial Reappraisal Information

Cap Rate Study

Appraisers use a capitalization rate, or "cap rate", to convert the Net Operating Income (or NOI) into a value. The Shelby County Assessor engaged the firm of Land America to conduct an independent study of the local real estate market and produce a "Cap Rate Study" for the 2009 Reappraisal. The Cap Rate Study has been commissioned by an independent company for the last four Reappraisals. The complete Cap Rate Study is available for download in PDF format by clicking the following link:

Cap Rate Study