In cases of environmental contamination, that can limit what could be there in the future, for example a former car repair shop (that you found the stale yelp reviews for) is likely sufficiently contaminated that it can only ever be something like that, you won't be able to put a daycare center or restaurant in there. 

The Committee makes no representations of any kind as to the environmental condition of the property.

I.e. environmentally conscientious, cost of ownership, generally lifestyle and design, and/or part of a 3rd party verification program.

Not when they are near work.There is lots of info about financials, environmental, all that stuff out there. 

And we known there are many more Govt costs such as environmental studies and the like that increase both the cost and the timeline (Which in turn increases the cost even more...)City Heights is Gentrifying, has been for a while, I made good money there in the Mid 2000's, and it's no longer affordable for most lower income folks, period.

Some sites require asbestos testing and/or possible environmental testing as well where demolition occurs. 

For example, a quiet neighborhood that used to be a busy factory area might have hidden issues, like pollution.

@Kyle M.I was open to Decatur but heard there were environmental issues given the city’s industrial history.

When it comes to environmental check to see if the property has a NFA (no further action) letter.

The three most common approaches include:Cost approach: An estimate of the replacement cost less depreciationIncome approach: Calculation of estimated potential rental incomeSales approach: Uses comps of recent transactions on similar propertiesBe sure you are leveraging the tax incentives availableIdentify any applicable tax incentives available for commercial properties - historic tax credits in certain areas, opportunity zones, environmental sustainability, etc.Understand available tax deductions, credits, and rebates - Tax deductions decrease the taxable value of a property, tax credits directly reduce your tax liability dollar for dollar and tax rebates are a refund of taxes paid under certain conditions.Utilize a cost segregation study - Cost segregation allows you to reclassify assets into categories with shorter useful lives, therefore accelerating depreciation and creating tax savings.Leverage energy incentives and deductions - Look into the Section 179D deduction and how you can save on tax by meeting certain standards to make your property more environmentally friendly.Best practices for commercial real estate owners and monitoring their property tax regulations:Plan proactivelyWork with a professional to receive guidance on complex regulationsUtilize specialized software tools to drive efficiency and compliance.What questions do you have regarding property tax valuations?