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Mechanical and Electrical: <br />The building is heated by a gas fired, forced air <br />heating unit and a small (10 gallon) electric hot water <br />heater. The improvement is also serviced by a 200 amp <br />circuit breaker electric service. <br />Other Improvements: <br />12 foot, rear loading, dairy case, 8 foot frozen food <br />case. Twenty-4 foot section shelving. Three, 81000 gallon <br />underground steel fuel tanks. Four duel pumps, 4 single <br />pumps. Two, 26 x 60 canopies. Exterior lighting and sign <br />and approximately 18,Oo0 S.F. of concrete and blacktop. <br />Misc. office equipment, cash register, etc. <br />The subject is considered to be in average condition <br />except for structural damage of paneling on the East canopy. <br />Please see photograph. <br />VALUATION PROCEDURE <br />The subject property will be analyzed and value will be <br />estimated via the three traditional approaches to value. In <br />the Cost Approach, land value will be estimated by direct <br />comparison to other known land sales in the vicinity and the <br />depreciated value of the improvements will be added. Income <br />capitalization will be predicated on exi:jting, or reported <br />lease data attributable to the subject insofar as it <br />coincides with actual market data. The Market Data approach <br />will be predicated on comparable sales of similar properties <br />in the market place. <br />53 <br />