This presentation will cover the valuation of corporate headquarters and large single-occupant corporate campuses. Very large single-occupant office buildings and corporate headquarters exist in almost every jurisdiction. Often, these are some of the largest buildings in a jurisdiction. Because of their size and high assessments, they are often appealed and assessors must wrestle with many interesting topics.

• Some of the common questions assessors face when valuing these large include:
• Do super-large single-occupant office buildings and corporate headquarters inherently contain functional obsolescence because of their large size and special features?
• What features are typical for large corporate headquarters and large single-occupant office buildings?
• Should assessors base the value of a fully-occupied corporate headquarter property on the existing use or some future use under a multi-tenant scenario?
• If the goal is fee-simple valuation, should the assessor value the property as if it was vacant or occupied?
• Are sale-leasebacks acceptable comparables for these properties?
• Does LEED certification matter for these properties?

These and other interesting topics will be addressed. This presentation will also review some of the more interesting and prominent corporate headquarters around the United States, including Facebook, Best Buy, Google, and Apple. These buildings contain some of the most interesting architecture and features and make great examples for how to address some of the common appraisal and assessment challenges.