Cost Segregation Case Studies

Our team has completed 156 cost segregation studies across every major property class, from short-term rentals and multi-family complexes to commercial buildings and hospitality properties. Each study reclassifies building components into shorter recovery periods, unlocking accelerated depreciation that reduces taxable income in year one and beyond. Browse real client results below to see how cost segregation delivers measurable savings for real estate investors nationwide.

156 Studies Completed
$18.7M Total Depreciation Captured
35% Average Year-1 Recovery

Client Results

Each case study represents a real engagement where cost segregation created significant tax savings.

Short-Term Rental

6-Unit STR Portfolio in Nashville

An investor with six Airbnb properties across East Nashville and the Gulch needed a comprehensive study to maximize first-year deductions. Our analysis reclassified 38% of the total basis into 5-year and 15-year property classes.

$247,000 Tax Savings
$2.4M Portfolio Value
Bonus Depreciation Component Analysis Personal Property Reclassification
Multi-Family

12-Unit Apartment Complex in Phoenix

A buy-and-hold investor acquired a 1990s-era apartment building and wanted to offset rental income in the acquisition year. We identified substantial land improvements and personal property components eligible for shorter recovery periods.

$183,500 Tax Savings
$1.8M Property Value
Land Improvement Segregation Bonus Depreciation QIP Identification
Commercial

Class A Office Building in Austin

This 45,000 square foot commercial office building was acquired as part of a 1031 exchange. Our study separated HVAC systems, electrical infrastructure, and tenant improvements into accelerated categories, producing significant year-one deductions.

$412,000 Tax Savings
$6.2M Property Value
QIP Identification Component Analysis Form 3115 Bonus Depreciation
Hotel

Boutique Hotel in Savannah

A 32-room boutique hotel in the historic district contained significant personal property including furniture, fixtures, and decorative elements. Our detailed component-level analysis captured items that traditional depreciation schedules overlook.

$378,000 Tax Savings
$4.9M Property Value
Personal Property Reclassification Component Analysis Bonus Depreciation
Self-Storage

120-Unit Self-Storage Facility in Tampa

A newly constructed climate-controlled storage facility offered excellent cost segregation opportunities. Specialized HVAC, security systems, and paving were all reclassified into 5-year and 15-year categories.

$156,000 Tax Savings
$2.1M Property Value
Land Improvement Segregation Component Analysis Bonus Depreciation
Mobile Home Park

85-Pad Mobile Home Park in Tulsa

Mobile home parks contain a high percentage of land improvements relative to structures, making them ideal for cost segregation. Roads, utilities, and site improvements accounted for over 40% of the depreciable basis in this property.

$198,000 Tax Savings
$2.7M Property Value
Land Improvement Segregation Lookback Study Form 3115
Mixed-Use

Mixed-Use Building in Denver

A three-story building with ground-floor retail and eight residential units above required a dual-use analysis. We allocated components between commercial and residential recovery periods to optimize the overall depreciation schedule.

$224,000 Tax Savings
$3.5M Property Value
Component Analysis QIP Identification Bonus Depreciation Personal Property Reclassification
Short-Term Rental

Luxury Cabin Retreat in Gatlinburg

This high-end vacation rental featured custom finishes, a hot tub, game room equipment, and outdoor entertainment areas. Personal property reclassification captured furnishings and appliances that are commonly missed in standard depreciation.

$89,000 Tax Savings
$780K Property Value
Personal Property Reclassification Bonus Depreciation Land Improvement Segregation
Office

Medical Office Complex in Charlotte

A two-building medical office campus with specialized buildouts for dental and orthopedic tenants. Specialized mechanical systems, exam room cabinetry, and ADA improvements were reclassified into shorter-life categories.

$295,000 Tax Savings
$4.1M Property Value
QIP Identification Component Analysis Personal Property Reclassification
Retail

Strip Mall Renovation in Atlanta

An investor completed a full renovation of a 1980s-era retail center and needed to capture the qualified improvement property deductions. Our study identified over $1.2M in QIP eligible for bonus depreciation treatment.

$341,000 Tax Savings
$5.5M Property Value
QIP Identification Form 3115 Bonus Depreciation Lookback Study
Industrial

60,000 SF Warehouse in Indianapolis

An industrial warehouse with specialized loading docks, heavy electrical service, and reinforced flooring. Overhead cranes, dock levelers, and site paving were reclassified into accelerated categories, producing strong first-year deductions.

$267,000 Tax Savings
$3.8M Property Value
Component Analysis Land Improvement Segregation Bonus Depreciation
Assisted Living

48-Bed Assisted Living Facility in Raleigh

Assisted living facilities contain extensive personal property including nurse call systems, kitchen equipment, and specialized fixtures. Our study reclassified 42% of the depreciable basis into 5-year and 7-year categories.

$489,000 Tax Savings
$7.2M Property Value
Personal Property Reclassification Component Analysis Bonus Depreciation QIP Identification
Multi-Family

32-Unit Garden Apartments in San Antonio

A garden-style apartment community with extensive landscaping, parking areas, and common amenities. Land improvements including sidewalks, drainage, and outdoor lighting were reclassified from 27.5-year to 15-year property.

$215,000 Tax Savings
$3.2M Property Value
Land Improvement Segregation Bonus Depreciation Component Analysis
Short-Term Rental

Beachfront Condo Portfolio in Destin

Three Gulf-front condominiums operated as vacation rentals, each with premium furnishings and upgraded kitchens. We conducted a detailed personal property inventory to capture all furniture, appliances, and decorative items for accelerated treatment.

$67,500 Tax Savings
$1.1M Portfolio Value
Personal Property Reclassification Bonus Depreciation Component Analysis
Commercial

Retail Shopping Center in Columbus

A 90,000 square foot neighborhood shopping center with 14 tenant spaces. Our lookback study covered a property held for five years, filing Form 3115 to capture depreciation that had been missed since the original acquisition.

$587,000 Tax Savings
$12.5M Property Value
Lookback Study Form 3115 QIP Identification Component Analysis
Hotel

110-Room Select Service Hotel in Dallas

A recently constructed select-service hotel with a fitness center, meeting rooms, and breakfast area. FF&E items, specialty lighting, and decorative finishes accounted for a significant share of the depreciable basis in this property.

$598,000 Tax Savings
$15M Property Value
Personal Property Reclassification Bonus Depreciation QIP Identification
Restaurant

Full-Service Restaurant in Chicago

A recently acquired restaurant building with a commercial kitchen, bar, and patio dining area. Kitchen equipment, walk-in coolers, exhaust systems, and decorative interior finishes were all reclassified into accelerated recovery categories.

$142,000 Tax Savings
$1.6M Property Value
Personal Property Reclassification Component Analysis QIP Identification
Multi-Family

64-Unit Townhome Community in Jacksonville

A large townhome-style rental community acquired through a syndication. Our engineering-based study separated site improvements, common area amenities, and unit-level components to maximize accelerated deductions for the investor group.

$445,000 Tax Savings
$8.9M Property Value
Component Analysis Land Improvement Segregation Bonus Depreciation
Self-Storage

200-Unit Storage Complex in Las Vegas

A multi-building storage complex featuring both climate-controlled interior units and drive-up exterior units. Site improvements, security fencing, gate systems, and paving represented a large share of the accelerated depreciation captured.

$203,000 Tax Savings
$3.4M Property Value
Land Improvement Segregation Component Analysis Bonus Depreciation Personal Property Reclassification
Medical Office

Veterinary Clinic in Portland

A newly built veterinary hospital with surgical suites, imaging rooms, and specialized plumbing. Medical-grade HVAC, radiology shielding, and built-in cabinetry were segregated into shorter-life property classes for maximum first-year benefit.

$118,000 Tax Savings
$1.4M Property Value
Component Analysis Personal Property Reclassification Bonus Depreciation
Short-Term Rental

10-Unit VRBO Portfolio in Scottsdale

A portfolio of desert vacation rentals ranging from condos to single-family homes. Each property received an individual study, with poolside improvements, outdoor kitchens, and luxury furnishings captured across the portfolio.

$312,000 Tax Savings
$4.5M Portfolio Value
Bonus Depreciation Personal Property Reclassification Land Improvement Segregation Component Analysis
Industrial

Manufacturing Plant in Memphis

A 100,000 square foot manufacturing facility with heavy power infrastructure, compressed air systems, and specialized flooring. Process-related mechanical systems were segregated from the building structure for accelerated treatment.

$478,000 Tax Savings
$8.3M Property Value
Component Analysis Bonus Depreciation Lookback Study Form 3115
Mixed-Use

Live/Work Lofts in Minneapolis

A converted historic mill with 20 residential loft units and four commercial spaces on the ground floor. Historic building components required careful documentation to maintain compliance while maximizing segregated property classes.

$356,000 Tax Savings
$5.8M Property Value
Component Analysis QIP Identification Personal Property Reclassification
Mobile Home Park

150-Pad Community in Little Rock

A large manufactured housing community with park-owned homes, a clubhouse, and extensive infrastructure. Water and sewer systems, roads, and pad improvements were reclassified from real property into 15-year land improvement categories.

$274,000 Tax Savings
$4.2M Property Value
Land Improvement Segregation Lookback Study Form 3115 Component Analysis
Retail

Grocery-Anchored Center in Richmond

A 75,000 square foot retail center anchored by a regional grocery chain. Refrigeration systems, specialized flooring, and tenant improvement allowances were identified and reclassified to deliver substantial accelerated depreciation for the ownership group.

$423,000 Tax Savings
$9.1M Property Value
QIP Identification Component Analysis Bonus Depreciation Personal Property Reclassification

Ready to Maximize Your Depreciation?

Every commercial and investment property has hidden depreciation waiting to be captured. Our team has completed over 156 cost segregation studies, delivering an average of 35% first-year recovery for our clients. Schedule a free consultation to learn what your property could save.

Schedule a Free Consultation