Case Study

Commercial

Lahaina, HI Property Saves $73K

Lahaina, HI

Image of Commercial property for Lahaina, HI Property Saves $73K

$73K NOI Increase

Solutions Found:

LOMA

Solution Value: $73,000

Solution Type: LOMA

On the island of Maui, in Lahaina, HI, our team identified ≈ $73,000 in cost savings for a commercial property less than a stone's throw from the shores of the Pacific Ocean.

Our engineers obtained a LOMA, re-zoning the four strip-mall style commercial buildings from high-risk AE flood zone to low-risk X-zone utilizing property-specific engineering data.

What does this mean for the client?

• Removal of lender-mandated flood insurance

• ≈ $73,000 back to the bottom line

• Instant increase in property value

View Other Case Studies

Image of Condominium property for Condo Association | $10k in Savings

$73K premium increase avoided!

Condo Association | $10k in Savings - Sarasota, FL

A Condo HOA's premium was set to increase from $17,000/year to potentially $90,000+; our team qualified a scenario that resulted in a premium of only $7,000/year.

Image of Multifamily property for Multifamily Property in Reidville, NC Realizes $120K Property Value Increase

$120,000 in Added Property Value

Multifamily Property in Reidville, NC Realizes $120K Property Value Increase - Reidsville, NC

Explore how a Reidsville, NC, multifamily property added an estimated $120,000 in property value thanks to National Flood Experts' (NFE) comprehensive engineering review and Flood Expert Survey (FES). NFE's analysis, supported by on-site data collected during the FES, qualified the property for removal from the high-risk flood zone, eliminating the lender mandate for flood insurance and decreasing annual expenses by nearly $7,200.

Image of Multifamily property for Lender Mandates Removed For A Multifamily Building in Oklahoma City, OK

$120,000 in Added Property Value

Lender Mandates Removed For A Multifamily Building in Oklahoma City, OK - Oklahoma City, OK

Discover how NFE successfully removed a multifamily building in Oklahoma, OK, from a complex A flood zone. After conducting a thorough Flood Expert Survey, we obtained FEMA's approval for a LOMA, saving the client nearly $7,200 per year on flood insurance and boosting property value by approx. $120,000.