Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

11
Posts
1
Votes
Mike Enzwiler
  • Investor
  • Huntersville, NC
1
Votes |
11
Posts

NC Commercial RE sale - tax question - how much will I owe?

Mike Enzwiler
  • Investor
  • Huntersville, NC
Posted

I am looking to sell my commercial warehouse here in NC.  I have owned it for 19 years but have refinanced it a couple of times over that period.  So, being that the amount of depreciation I take or have taken effects my tax bill, how do I calculate this?   Does the depreciation schedule start over when I refinanced or does it just continue since my original purchase?  What other factors do I need to consider?  

Thanks for your help,    Mike 

FYI- The building is 10,000sq ft portion of a 15,000sq ft building.  My portion (10K sq ft) is broken up into 3 flex space units (5000, 2500 and 2500).  All units have long term leases and generate $7300/mo   Taxes are $8800/year.   Expenses are insurance,water and landscape ($4K/yr).  New warehouses in the park are getting $120sq ft.  I want $90sq ft.  I have don't have a realtor nor am I looking to use one for this.  Also, it's not listed anywhere.  

Loading replies...