Case Study

Commercial

Increase Commercial Real Estate Value Through Flood Zone Reclassification

Clive, IA

Image of Commercial property for Increase Commercial Real Estate Value Through Flood Zone Reclassification

$50,000 in Added Property Value

Solutions Found:

Flood Expert Survey

LOMA

Solutions Value: $3,000 in Annual Premium Savings | $50,000 in Added Property Value

NFE Solution: FES, LOMA

After identifying a shopping center in Clive, IA, for potential flood-zone cost-saving solutions, National Flood Experts called the owner to discuss what might be possible. The owner expressed worry about the rising costs of flood insurance and how this may pose a significant risk to the property's value, potentially negatively affecting its future sale. Interested in removing the building from the AE zone, the Client greenlit NFE to perform an engineering review of the property.

NFE gathered the relevant documents and performed the initial desktop review, which identified a high likelihood that the building would qualify for removal from the Special Flood Hazard Area (SFHA) through a Letter of Map Amendment (LOMA). To fully confirm the solution, additional building-specific data was required. The Client agreed to have NFE perform a Flood Expert Survey (FES) of the property. After an exhaustive review of the new data, NFE's engineers qualified the building for a LOMA.

Upon FEMA approval of the LOMA, the building was successfully removed from the SFHA and reclassified into an X Zone. The Client realized an annual savings of $3,000 and, most importantly, a $50,000 increase in the property value. The LOMA plays a significant role in the future marketability of the building. Making the commercial property in Clive, IA, a more appealing asset to a broader buyer pool when the owner decides to sell the property.

NFE's comprehensive engineering review process, FES execution, and the LOMA qualification demonstrate the effectiveness of proactive measures to address flood zone challenges to enhance property value and bolster future sale prospects.

View Other Case Studies

Image of Industrial property for Montana Utility Company Achieves LOMA Success

Industrial Property Achieve LOMA

Montana Utility Company Achieves LOMA Success - Helena, MT

A water management company worked with the team at NFE to secure a LOMA for their Helena, MT property. Clients have many reasons for seeking out NFE’s services, from lifting lender-mandated flood insurance via a letter of map amendment or reducing flood insurance policy premiums via insurance consulting; we are happy to help reduce expenses, boost NOI, and increase property value in whatever way we can!

Image of Multifamily property for MD Multifamily Property - $48K NOI Increase

$48,000 NOI Increase

MD Multifamily Property - $48K NOI Increase - Dundalk, MD

A 60 building property just outside of Baltimore, MD, saved $48,000 in flood insurance premiums after our engineering review qualified 11 buildings for removal from the flood zone, removing the lender mandate for flood insurance.

Image of Industrial property for LOMA Success for Nevada Self-storage Facility

$4K in Annual Savings Secured

LOMA Success for Nevada Self-storage Facility - Carson City, NV

Discover how a self-storage owner in Carson City, NV, saved more than $4K per year on one property by working with National Flood Experts (NFE).