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Home My WebLink About2025_09_09 BOER MinutesMINUTES Orange County Board of Equalization and Review Meeting held on September 9, 2025 Board Members in attendance: Chair of the Board Leon Meyers No Regular Member Saru Salvi (Served as Chair) Yes Regular Member Richal Vanhook Yes Alternate Member Shareese Alston No Alternate Member Hunter Beattie No Alternate Member Tony Blake No Alternate Member Vaughn Compton No Alternate Member Shannon Julian Yes Alternate Member Barbara Levine No Orange County Staff in attendance: Office Assistant Jennifer Rigsbee Real Property Appraisal Manager Roger Gunn Commercial Property Consultant Paul Snow Temporary Appraiser Assistant Rob Teachout Meeting Schedule: No. Time PIN or Abstract Appellant Appeared Appeal Type 1 1:00PM 9873497343 Walmart Real Estate Business Trust Yes Value - Real 2 1:32PM 9778863037 Wendy's Properties LLC No Value - Real 3 1:51PM 9799682315 Wendy's Properties LLC No Value - Real 4 1:54PM 9864906858 L4 Carolina Properties LLC No Value - Real Time By Meeting called to order 1:00 PM Saru Salvi Meeting adjourned 2:05 PM Saru Salvi Related meeting notes: • In the absence of Leon Meyers, Shannon Julian served today. • Richal Vanhook made a motion for Saru Salvi to act as Chair for today’s meeting. Shannon Julian seconded the motion. There were no objections. Property Identification: Docusign Envelope ID: 97DC2745-D062-4EE9-936D-BE27DFCBF303 Property Owner Walmart Real Estate Business Trust Appellant (if different) Paola Castillo, CMI Senior Manager Property Address 501 Hampton Pointe Boulevard Parcel ID or Abstract 9873497343 Statement of Appeal: Request a reduction in value based on cost, income and sales data. Current Assessed Value $19,238,400 County Opinion $19,238,400 Time of Hearing 1:00 PM Appellant Opinion $11,872,000 County Representative Roger Gunn Board Decision $19,238,400 Evidence submitted by the appellant: • The appellant is requesting a lower valuation based on cost, income, and sales data suggesting a lower valuation. Evidence submitted by the county representative: • Per the County's commercial property appraisal consultant review, sales of both power centers built between 2000 and 2008, and Walmart community centers of similar size and age support the current assessed value. The County’s recommendation is no change in value. • Photographs of Subject • GIS Map of Subject • Current Property Record Card of Subject • Commercial Property Appraiser Consultant Review (2 pages) • Comparable Sales Motion of the Board Accept County's Proposed Value: $19,238,400 No Change in Value Made the motion Shannon Julian Seconded the motion Richal Vanhook Voted For ... ... Voted Against Saru Salvi ... Property Identification: Property Owner Wendy's Properties LLC Appellant (if different) Property Address 100 S. Greensboro Street Parcel ID or Abstract 9778863037 Statement of Appeal: Request a reduction in value based on the value of comparable land in the immediate area. Current Assessed Value $2,012,100 County Opinion $2,012,100 Time of Hearing 1:32 PM Appellant Opinion $1,756,254 County Representative Roger Gunn Board Decision $2,012,100 Evidence submitted by the appellant: Docusign Envelope ID: 97DC2745-D062-4EE9-936D-BE27DFCBF303 • The appellant is requesting a lower valuation because the "subject property is overvalued and lacks uniformity in land value compared to similar neighbors in the immediate area." Evidence submitted by the county representative: • Per the County's commercial property appraisal consultant review, Triangle restaurant sales and the income approach both support the current assessed value. The County’s recommendation is no change in value. • Photographs of Subject • GIS Map of Subject • Current Property Record Card of Subject • Commercial Property Appraiser Consultant Comments (5 pages) • Triangle Restaurant Sales and Income Approach Motion of the Board Accept County's Proposed Value: $2,012,100 No Change in Value Made the motion Richal Vanhook Seconded the motion Shannon Julian Voted For ... ... Voted Against Saru Salvi ... Property Identification: Property Owner Wendy's Properties LLC Appellant (if different) Property Address 100 Scarlett Drive, Chapel Hill Parcel ID or Abstract 9799682315 Statement of Appeal: Request a reduction in value based on the value of comparable land in the immediate area. Current Assessed Value $1,448,800 County Opinion $1,448,800 Time of Hearing 1:51 PM Appellant Opinion $888,966 County Representative Roger Gunn Board Decision $1,448,800 Evidence submitted by the appellant: • The appellant is requesting a lower valuation because the "subject property is overvalued on a cost approach due to age and depreciation." Evidence submitted by the county representative: • Per the County's commercial property appraisal consultant review, Triangle restaurant sales and the income approach both support the current assessed value. The County’s recommendation is no change in value. • Photograph of Subject • GIS Map of Subject • Current Property Record Card of Subject • Commercial Property Appraiser Consultant Comments (3 pages) Docusign Envelope ID: 97DC2745-D062-4EE9-936D-BE27DFCBF303 • Triangle Restaurant Sales and Income Approach Motion of the Board Accept County's Proposed Value: $1,448,800 No Change in Value Made the motion Shannon Julian Seconded the motion Richal Vanhook Voted For All BOER Members ... Voted Against ... ... Property Identification: Property Owner L4 Carolina Properties LLC Appellant (if different) Property Address 353 S. Churton Street Parcel ID or Abstract 9864906858 Statement of Appeal: Request a change in value based on the age of property and cost approach/depreciation. Current Assessed Value $1,373,000 County Opinion $1,373,000 Time of Hearing 1:54 PM Appellant Opinion $997,577 County Representative Roger Gunn Board Decision $1,373,000 Evidence submitted by the appellant: • The appellant is requesting a lower valuation because the "subject property is overvalued based on age and cost approach/depreciation." Evidence submitted by the county representative: • Per the County's commercial property appraisal consultant review, Triangle restaurant sales and the income approach both support the current assessed value. The County’s recommendation is no change in value. • Photograph of Subject • GIS Map of Subject • Current Property Record Card of Subject • Commercial Property Appraiser Consultant Comments (3 pages) • Triangle Restaurant Sales and Income Approach Motion of the Board Accept County's Proposed Value: $1,373,000 No Change in Value Made the motion Richal Vanhook Seconded the motion Shannon Julian Voted For All BOER Members ... Voted Against ... ... Docusign Envelope ID: 97DC2745-D062-4EE9-936D-BE27DFCBF303 Chair of the Board: Saru Salvi ____________________________ Recording Secretary: Jennifer Rigsbee _______________________ Docusign Envelope ID: 97DC2745-D062-4EE9-936D-BE27DFCBF303 10/4/2025 10/4/2025