Nevada may be famous for the Strip in Las Vegas and the streets of Reno, but this cosmopolitan state is rich in history and has a diverse economy. 75% of the population lives in Clark County, making up the Las Vegas metropolitan area. It should come as no surprise, Nevada is the hotel capital of the United States, with casinos and the hospitality industry dominating parts of the state. There are plenty of other industries around Nevada, especially agriculture and mining.

With so much of the population centered in one area, this opens up a lot of opportunities for cost segregation. Nevada is always in a building boom of some sort and this leaves many commercial properties in a prime spot to use their short-life and long-term depreciation. As renovations can also reset the clock, even older buildings can get some solid use out of cot segregation. With so many hotels, casinos, and apartments in Nevada, this is typically the focus for appraisers, but any commercial property can benefit.

At O’Connor, we have a slew of elite appraisers that scour the country looking to help commercial property owners with their cost segregation studies. In fact, we have done over 10,000 of them. Not only do our appraisers know how to catalog a hotel’s depreciation, but they can also make a report that fully satisfies the IRS and their many demands. A cost segregation report must have credible methods, results, and documentation, something our experts can do in their sleep. The chart below gives a handful of the people and businesses we have serviced in Nevada.