Laserfiche WebLink
<br />" <br /> <br />---j <br /> <br />- ,j <br /> <br />The Sale 2 site is located adjacent to the subject. The location of the Sale 2 site is similar to the <br />location of the subject. <br /> <br />" <br /> <br />" <br /> <br />,~ <br /> <br />Site Size <br /> <br />~ <br /> <br />The sales range in site size from 45,000 to 122,900 square feet. The subject site is 45,000 square feet <br />m SIze. <br /> <br />" <br /> <br />" <br /> <br />The Sale 2 site, at 122,900 square feet, is significantly larger than the subject site. Sales oflarger <br />sites usually reflect a lower unit price. The unit price of Sale 2 requires an upward adjustment for <br />site size. <br /> <br />,~ <br /> <br />r, <br /> <br />,~ <br /> <br />Zoning <br /> <br />----J <br /> <br />The subject site is zoned for commercial usage. The sale sites are also zoned for commercial use. <br />No adjustments for zoning are considered necessary. <br /> <br />" <br /> <br />" <br /> <br />Site Shape <br /> <br />-~ <br /> <br />", <br /> <br />The subject site has only 100 feet of frontage on Collins Avenue and a depth of 450 feet. The sale <br />sites are all more functional in shape than the subject site. The unit prices of all of the sales require <br />downward adjustments for site shape. <br /> <br />,-~ <br /> <br />,,,,j <br /> <br />Conclusion <br /> <br />--, <br /> <br />The land sales range in unit price from $19.53 to $41.27 per square foot ofland area. <br /> <br />\ j <br /> <br />-----, <br /> <br />The unit price of Sale 1, $36.56 per square foot, should be fairly indicative ofthe value ofthe subject <br />property. The unit price of Sale 1 requires an upward adjustment for increasing market conditions, <br />but downward adjustments for location and site shape. <br /> <br />-~ <br /> <br />~, <br /> <br />The unit price of Sale 2, $19.53 per square foot, should be a lower limit of value for the subject site. <br />The unit price of Sale 2 requires a downward adjustment for site shape, but upward adjustments for <br />land size and increasing market conditions. <br /> <br />,-.J <br /> <br />--, <br /> <br />~, <br /> <br />The unit price of Sale 3, $31.11 per square foot, should be a lower limit of value of the subject <br />property. The unit price of Sale 3 requires upward adjustments for increasing market conditions and <br />location, but a downward adjustment for site shape. <br /> <br />,_J <br /> <br />"--- j <br /> <br />The unit price of Sale 4, $41.27 per square foot, should indicate an upper limit of value ofthe subject <br />property. The unit price of Sale 4 requires an upward adjustment for increasing market conditions, <br />but downward adjustments for site shape and location. <br /> <br />" <br /> <br />,,,j <br /> <br />" <br /> <br />,J <br /> <br />-, <br /> <br />\~ <br /> <br />QUINLIVAN APPRAISAL <br /> <br />" <br /> <br />35 <br /> <br />,_J <br />