Commercial building value questions

[Jordan Reeser]

Hello. So we are looking at buying a commercial building for our business and I have a few questions.

If we buy the building and then are renting it out, the new valuation for refinance will be based on the NOI correct?

Also one other question, if we do a bunch of improvements to the property…(because we are buying with some deferred maintenance so there is room for a 3x value increase) could we theoretically buy it from ourselves (such as our business buys it from us personally) could we get the step up in new depreciation value? Or would that not work. Say property owned by "property company" gets purchased by "business LLC" for the new value, which would be a new depreciation amount about 3x higher