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CABARRUS COUNTY 2012 APPRAISAL MANUAL <br />CAP RATES (OAR) 2012 REVALUATION <br />YEAR BUILT <br />2000 -2012 <br />1990 -2000 <br />1989 -OLDER <br />Low <br />High <br />Low <br />High <br />Low <br />High <br />APARTMENTS <br />TYPICAL <br />6.00% <br />7.50% <br />7.00% <br />8.00% <br />7.50% <br />10.00% <br />LUXURY <br />6.50% <br />7.50% <br />7.00% <br />8.00% <br />7.50% <br />10.00% <br />EXPENSES <br />LARGE >20 UNITS <br />25.00% <br />40.00% <br />35.00% <br />45.00% <br />40.00% <br />55.00% <br />SMALL <20 UNITS <br />25.00% <br />35.00% <br />30.00% <br />40.00% <br />35.00% <br />45.00% <br />COMMERCIAL <br />OAR <br />8.50% <br />10.00% <br />9.00% <br />11.00% <br />10.00% <br />12.00% <br />EXPENSES <br />15.00% <br />20.00% <br />17.00% <br />22.00% <br />20.00% <br />35.00% <br />OFFICE <br />OAR <br />7.50% <br />8.50% <br />8.00% <br />9.50% <br />9.00% <br />10.50% <br />EXPENSES <br />15.00% <br />20.00% <br />17.00% <br />22.00% <br />20.00% <br />35.00% <br />MOTEL <br />OAR <br />10.50% <br />11.50% <br />12%-13% <br />EXPENSES <br />65.00% <br />70.00% <br />75.00% <br />HOMES FOR THE <br />ELDERLY <br />OAR <br />10.50% <br />11.50% <br />12%-13% <br />EXPENSES <br />65.00% <br />70.00% <br />75.00% <br />OAR <br />10.50% <br />11.50% <br />12%-13% <br />EXPENSES <br />65.00% <br />70.00% <br />75.00% <br />SHOPPING CENTER <br />OAR SMALL <br />7.00% <br />8.00% <br />8.00% <br />9.50% <br />9.00% <br />10.50% <br />OAR LARGE <br />7.50% <br />9.00% <br />8.00% <br />9.50% <br />9.00% <br />10.50% <br />EXPENSES <br />15 -18% <br />17 -20% <br />20 -25% <br />Cabarrus County - 2012 Revaluation <br />INCOME PROPERTY VALUATION 8- 14 <br />05/24/01 <br />Attachment number 11 <br />G -3 Page 417 <br />