Property types
Other property types and property tax.
Self-storage, senior living, and anything that doesn’t fit the five main categories
Unclassified commercial real estate defaults to 100% real property, the same reasoning as office, retail, and industrial: most asset types outside the five main categories sell as pure real estate with no going-concern value attached. Self-storage is treated separately at 93%, a placeholder estimate reflecting that some facilities carry minor operating/FF&E value (gate systems, on-site management infrastructure) without the scale of a hotel’s business value.
These are placeholder estimates
Unlike the grounded defaults for hotel, office, retail, industrial, and conventional multifamily, the self-storage allocation is a reasoned estimate pending real research and published-norm citation. Treat it as a rough ballpark, not a grounded figure. If your deal is senior living specifically, note it falls under the multifamily category in this tool (also a placeholder allocation there), and may separately be LIHTC-restricted. See the LIHTC guide if that applies.
Other property types