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<br />~, <br /> <br />,--.1 <br /> <br />_J <br /> <br />Based on a careful analysis of the land sales, the subject property is estimated to have a value of <br />$35.00 per square foot ofland area. <br /> <br />" <br /> <br />') <br /> <br />45,000 Square Feet x $35.00 per Square Feet <br /> <br />$1,575,000 <br /> <br />---l <br /> <br />Deduction for Demolition <br /> <br />" <br /> <br />--J <br /> <br />) <br /> <br />The subject site is improved with a 1,377 square feet of building improvements. The existing <br />improvements are not considered to be the highest and best use of the site. In order to utilized the <br />site for its highest and best use, the existing improvements would have to be removed from the site. <br />The cost of demolishing the improvements is based on $3.00 per square foot of building area. This <br />estimate is from Section 66, Page 9 of the Marshall Valuation Manual. The total demolition cost is <br />estimated at $4,131 (1,377 Sq. Ft. x $3.00 per Sq. Ft.). The cost of demolition is deducted from <br />the land value estimate to indicate the market value of the property. <br /> <br />---.J <br /> <br />') <br /> <br />o <br /> <br />') <br /> <br />,,,,) <br /> <br />I ---, <br /> <br />Land Value Indication <br />LESS: Demolition Cost <br /> <br />$ 1,575,000 <br />4.131 <br /> <br />,-"j <br /> <br />Market Value Indication <br /> <br />$ 1,570,869 <br />$ 1,570,000 <br /> <br />", <br /> <br />Rounded <br /> <br />~ -~\ <br /> <br />. _.J <br /> <br />", <br /> <br />,,-! <br /> <br />r, <br /> <br />",J <br /> <br />r, <br /> <br />L~ <br /> <br />-----, <br /> <br />,_J <br /> <br />-, <br /> <br />,_J <br /> <br />" <br /> <br />"J <br /> <br />r, <br /> <br />,-__J <br /> <br />-, <br /> <br />l.~ <br /> <br />QUINLIVAN APPRAISAL <br /> <br />" <br /> <br />36 <br /> <br />,~ <br />