Laserfiche WebLink
<br />I COMP ARABLE LAND SALES ADJUSTMENT GRID I <br /> Sale 1 Sale 2 Sale 3 Sale 4 Sale 5 <br /> Sale Date 7/04 1/05 8/05 9/05 10103 <br /> Price/SF $7.92 $7.50 $8.18 $8.45 $6.89 <br /> Property Rights x 1.00 x 1.00 x 1.00 x 1.00 x 1.00 <br /> $7.92 $7.50 $8.18 $8.45 $6.89 <br /> Financing x 1.00 x 1.00 x 1.00 x 1.00 x 1.00 <br /> $7.92 $7.50 $8.18 $8.45 $6.89 <br /> Conditions of Sale x 1.00 x 1.00 x 1.00 x 1.00 x 1.00 <br /> $7.92 $7.50 $8.18 $8.45 $6.89 <br /> Market Conditions x 1.075 x 1.05 x 1.02 x 1.02 xLII <br /> $8,51 $7.88 $8.34 $8.62 $7.65 <br /> Location .95 1.05 .90 .90 1.10 <br /> Parcel Size 1.00 1.00 1.00 1.00 1.00 <br /> Parcel Shape 1.00 1.00 1.00 1.00 1.00 <br /> Soils/Topography 1.00 1.00 1.00 1.00 1.00 <br /> Zoning/Intended Use 1.00 1.00 1.00 1.00 1.00 <br /> Net Adjustment .95 1.05 .90 .90 1.10 <br /> Indicated $/SF Factor <br /> for Subject Land $8.08 $8.27 $7.51 $7.76 $8.42 <br /> <br />. <br /> <br />e <br /> <br />Summary <br /> <br />The adjusted indicators provide a value range for the subject land area from $7.5 I/SF <br />to $8.42/SF, with an overall average of $8.0I/SF. The comparable sales are all multi- <br />acre parcels bought for the intended development of office and/or medical uses. The <br />subject land is best suited to these uses. Based on the preceding analysis, the subject <br />land value is estimated as follows: <br /> <br />297,079 square feet @ $8.00/SF ~ $2,376,632, rounded to $2,375,000 <br /> <br />Estimated Subject Land Value <br /> <br />$2,375,000 <br /> <br />-- <br /> <br />BRKW APPRAISALS, INC. <br /> <br />PAGE 40 <br />