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EXECUTIVE SUMMARY <br /> Property Type: A commercially zoned parcel of land. <br /> Intended Use: The intended use of the appraisal report will be to assist the client in <br /> establishing the cost of Transfer Development Rights (TDR's) as it <br /> pertains to the subject property. <br /> Intended User: Robert Finvarb Companies and/or assigns. <br /> Property Description: <br /> Location: 17700 Collins Avenue, <br /> Sunny Isles Beach, Florida 33160 <br /> Folio 31-2211-004-004-0330 <br /> Number: <br /> Zoning.: B-I, Neighborhood Business District by the City of <br /> Sunny Isles Beach, Florida. <br /> Site Size: .7323 acres or 31,900 square feet (Public Records) <br /> .7366 acres or 32,035 square feet(survey). <br /> Census Tract: 1.26 <br /> Flood Zone: AE <br /> Date of Value: September 15, 2014 <br /> Date of Report: September 17, 2014 <br /> Property Rights Appraised: Fee Simple Estate <br /> Highest & Best Use: Future mixed use development in accordance with the zoning code <br /> and Sunny Isles Beach LDR. <br /> Marketing/Exposure Tinie: Within 12 months <br /> VALUE INDICATIONS <br /> Market Value <br /> Sales Comparison Approach: S4,1 50;000 <br /> Final Per SF of Allowable FAR S43.00 <br />