Medical Office Sample Study
A medical office acquisition with four recovery classes, including a 7 year class, and casework, medical gas and radiation shielding among its rows.
Illustrative sample
Dollar figures shown are illustrative and come from the sample's own data. Estimates, never guarantees; results depend on your specific tax situation.
The Property and the Land
Property type
Square feet
34,000
Year built
2019
Stories
2
Acquired
March 15, 2026
Placed in service
March 15, 2026
Purchase price
$6,400,000
Land value
$960,000
How the land was set
owner-provided estimate
Building basis
$5,440,000
The three positions describe the building only. Land is carved out first and never depreciates, so the less of the price assigned to land, the more there is to depreciate: a low land value is the aggressive land position and a high land value is the conservative one.
The Three Positions
| Position | Conservative | Middle of the Road | Aggressive |
|---|---|---|---|
| Share of the building basis moved | 20% | 28% | 38% |
| First year depreciation with the study | $1,176,476 | $1,602,829 | $2,135,769 |
| Additional first year depreciation | $1,065,881 | $1,492,234 | $2,025,174 |
First year depreciation without a study: $110,595.
Part 1A sets out 9 combinations of land value and position.
These figures come from the study's own depreciation schedules, which the PDF prints in Part 1. The card on the samples page shows the planning estimate, so its figures differ slightly.
How the Basis Was Classified
Classification method: Modeled residual method. This sample is modeled: no site inspection, no engineering take off and no documents were reviewed, and the PDF says so in its methodology.
The class totals below are at the Middle of the Road position, the one this study states.
| Class | Amount | Share of basis |
|---|---|---|
| 5 year property | $977,265 | 18% |
| 7 year property | $62,379 | 1% |
| 15 year land improvements | $483,556 | 9% |
| Building on its 39 year life | $3,916,800 | 72% |
19 asset rows in the classification schedule.
Every dollar of the $5,440,000 basis is allocated.
$1,039,644 of section 1245 property, 19% of the basis. What section 1245 property is
Bonus rate 100% on the sample's dates: acquired March 15, 2026, placed in service March 15, 2026.
Bonus basis in the study $1,523,200, bonus amount $1,523,200.
Which bonus rate applies to which datesWhich property gets bonus depreciation
Quality and Audit Risk
8 of the 13 principal elements met and 5 partial, by the study's own scorecard.
Audit risk gauge: green, with 28% of the basis in the shorter lives.
What Is in the PDF
This PDF has the same parts as the four family rental sample study.
The PDF runs 55 pages.
Start With Your Own Property
The wizard asks the questions for your property and routes it to the right lane.
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