Whites Road Valuation Support.pdf
Hamilton Estates LLC Petitioner V City Of Kalamazoo Respondent · 26-001242-TT
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Page 1
Petitioner’s Valuation Summary for 628 Whites Road Item Amount Full monthly rent potential $17,600 Full annual rent potential $211,200 Actual monthly collections $13,000 Actual annualized collections $156,000 Annual operating expenses $78,587 Actual NOI $77,413 Requested cap rate 9.0% Indicated value $860,144 Requested rounded true cash value $850,000 Requested SEV / taxable value $425,000 The requested value reflects the property’s actual income, economic occupancy, operating expenses, and significant deferred maintenance/capital needs. The property was not fully stabilized as of the valuation period.