I would assume the actuals are not actual because it's showing 100% occupied for all 12 months.Capital improvements fall below NOI, and do not affect property value.And I think you need to have some type of debt to calculate a purchase priceGino

We’ll only consider additional debt when it maximizes liquidity or improves risk-adjusted returns.

Pencils have been down and large investors have been focused on cutting costs, increasing renewal rates and improving operations.

@Annie Chiennot enough info.are you asking how to make the improvements while it's fully occupied? 

Maybe the tenant improved the property 13 years ago, in exchange for a 15 year lease.

Here’s an example of bonus depreciation.Here are some of the current trends that are highlighting the importance of a cost segregation study.Contract Logistics Expansion: Experiencing growth in contract logistic divisions leading to outsourced warehousing and distribution activities.Warehouse Technology Advancements: Integration of AI, robotics and IoT allows for operational efficiencies including reduced labor costs and improved safety.Warehouse Automation Growth: Significant growth signals a need for efficiencies and the adoption of new technology.Warehouse Space Expansion: There are ongoing developments in the warehouse space to help support the growing demand for infrastructure and warehouse space.Robotics and AI investments: There is a demand for faster throughput and immediate fulfillment which is causing investors to invest more into AI and robotics.Cost segregation becomes an even more critical tax strategy as there is an increase in investments in automation and technology as it frees up cash by creating additional tax savings.Some of the financial benefits that a warehouse investor can expect from a cost segregation study include:An increase in cash flow for automationImmediate tax savingsEnhanced warehouse property valueImproved warehouse ROI by reducing tax liabilities and increasing cash flow.There are many items that can be reclassified for accelerated depreciation through the use of a cost segregation study.

Real estate typically appreciates over time, meaning your property could increase in value even if you don’t make any major improvements.

@Jack LeeTo improve deal analysis skills, use BiggerPockets Calculators, YouTube channels, podcasts, books, online communities, Excel spreadsheets, and local networking events.

If so, issue a 30 day or whatever your area requires (with specific violations and expectations to improve) and plan to do another inspection. 

We were a small group of business owners, but Scott taught us quite a bit on how to better improve our presence and credibility on the platform.