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County and appraiser clash over 89% jump in assessed value for 600 Radiator Road warehouse site
Summary
An audit by DMA on behalf of Selwyn Property Group disputed an 89% revaluation increase for a 332,000-square-foot industrial parcel at 600 Radiator Road. The county counters that market leasing and a 2021 MAI appraisal justify the higher figure; the board voted to sustain the county's $16.23 million assessment.
The Union County Board of Equalization and Review heard competing valuations Friday for a 63-acre industrial site at 600 Radiator Road, where the county's 2025 revaluation nearly doubled the total assessed value and the property owner's consultant presented a lower market estimate.
What happened: Gabriel (Gabe) Gray of DMA appeared for Selwyn Property Group and told the board the county's new total — roughly $16.2 million, an 89% increase over 2024 — overstated current market value for the two warehouses on the parcel. DMA's sales-comparison analysis, focused on Charlotte-metro industrial sales…
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