Most listings show:
Price
NOI
Cap rate
Rent roll
Tenant summary
That matters.
But buyers don’t spend NOI.
They spend what they keep.
That is why the tax layer matters in commercial real estate.
A buyer may need to review:
cost segregation
bonus depreciation
basis allocation
passive activity limits
Form 3115 issues
Section 179D
after-tax cash flow visibility
This is not about making tax promises.
It is about giving brokers, buyers, CPAs, lenders, and investment committees better questions earlier in the deal process.
Not tax advice.
Not a valuation adjustment.
Not a guarantee.
Just better deal visibility.
Full post: