Virginia is about as old-school as they come, being one of the original 13 colonies and the originator of southern American culture. While history still holds sway over Virginia, it is also quickly racing towards the future. With a population that is getting younger and more educated by the year and a changing economy, Virginia is looking to be an entirely different animal in the next decade. While farming is still important in Virginia, technology, communications, defense contracting, and software development are all cornerstones of the new economy.

The shifting demographics and economy open up a lot of commercial property to cost segregation. Newer construction, newly acquired buildings, and those with extensive renovations all qualify for cost segregation, the only IRS-mandated way to use accelerated depreciation to lower income taxes. This grants commercial owners in Virginia the opportunity to generate a new source of cash flow, allowing for more construction or renovation. An economy in transition, like Virginia’s, is the best target possible.

Capitalize on this chance when you join with O’Connor for your cost segregation study. Our expert appraisers have done over 10,000 successful studies and have always provided reports that meet or exceed the wishes of the IRS. Our appraisers have been all over the world and are as comfortable working in Virginia as they are in Germany. From data centers to factories, O’Connor can get you the most out of your cost segregation study. Consult the following table to see some Virginia commercial properties that benefited from working with O’Connor.