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PARK 67 INDUSTRIAL
<br />
<br />,DEVELOPMENT COST APPROACH SIZE 71 ACRES
<br />NAME PIN# 35-32-25-22-0011
<br />GRO~S POTENTIAL INCOME FROM LOT SALES TOTAL
<br /> I 0 FRONT LOTS A $96,000.00 /LOT (5 Acre) $960,000
<br /> 7 INT. LOTS AT $64,000.00 /LOT (3 Acre) $448,000
<br /> 0 LOTS AT $0.O0 PE~
<br />TOTAL GROS~ POTENTIAL INCOME
<br />
<br />DEVELOP~NT COSTS:
<br />SURVEYING AND ENGINEERING
<br />LEGAL FEES
<br />GRADING & CLEARING
<br />ROADS 0
<br />SEWER & WATER 71
<br />iNTERIM TAXES
<br />MISC.
<br />PARK DEDIC.
<br />OVERHEAD AND SALES EXPENSE
<br />MANAGEMENT & SUPERVISING
<br />ENTREPRENURIAL PROFIT
<br />TOTAL DEVELOPMENT COST ESTIMATE=
<br />NET RETURN ON CAPITAL AND PROFIT
<br />
<br />LINEAL FT. AT $0.00
<br />ACRES AT $7,463. O0
<br />
<br />12.00%
<br />5.00%
<br />12.50%
<br />
<br /> $3,400
<br /> $3,400
<br /> $21,300
<br />
<br />$529,873
<br />$51,139
<br />$2,816
<br />$8,500
<br />$168,~60
<br />$70,400
<br />$176.000
<br />
<br />CAPITALIZATION:
<br />
<br />ASSESSED EMV $268,400
<br />ABSORP33ON 5
<br />TOTAL LOTS 1 7
<br />AVERAGE VALUI $82,824
<br />EFF. TAX RATE 4.95%
<br />
<br /> $1,408,000
<br />
<br /> TAX TABLE
<br />
<br />SCHEDULE ABS. EMPIRICAL
<br />$13,286 I YR $13,288
<br />$23,914 2YR $19,929
<br />$31,886 3YR $26,558
<br />$37,200 4YR $33,2,15
<br />$51r139 5 YR $51~139
<br />$511139 6YR $741626
<br />$37,200 7YR $101,543
<br />$9r322 8YR $130,299
<br />($32,496) 9YR $160F408
<br /> ($88,253)! IOYR $1917533
<br />
<br />$1.035.788
<br /> $372,212
<br />
<br />2 YEAR BELLING PERIOD - DISCOUNTED AT 12%
<br />AVERAGE ANNUALRETURN 2 YEARS
<br />PRESENT WORTH AT 1 PER PERIOD FOR 2 YEARS @ 12%
<br />PRESENT WORTH AT CAPITAL & PROFIT
<br />This relates to a proft of 12.50% of gross sale~
<br />
<br />12.00%
<br />$201,711
<br /> 1.69051
<br />$340,995
<br /> $4~803
<br />
<br />11.00%
<br /> $201,711
<br /> 1.712523
<br /> $345,435
<br /> $4~865
<br />
<br />10.00% J
<br />$201,711 I
<br /> 1.735537I
<br />$350,077 ~
<br /> $4,9311ACREI
<br />
<br />3 YEAR SELLING PERIOD - DISCOUNTED AT 12%
<br />IAVERAGE ANNUAL RETURN 3 YEARS
<br />JPRESENT WORTH AT 1 PER PERIOD FOR 3 YEARS @ 12%
<br />IPRESENT WORTH AT CAPITAL & PROFIT o
<br />IThis relates to a profit of 12.50'./o of (jross sale-~
<br />
<br /> 12.00%
<br />$132,264
<br />2.401831
<br />$317,676
<br /> $4,474
<br />
<br /> 11.00%
<br />$132,264
<br /> 2.443715
<br />$323,216
<br /> $4,552
<br />
<br /> I0.00%I
<br />$132,264 I
<br />2.4868521
<br />$328,922 ~
<br /> $4,633 IA.CREI
<br />
<br />I 4 YEAR SELLING PERIOD - DISCOUNTED AT 12%
<br /> AVERAGE ANNUAL RETURN 4 YEARS
<br /> PRESENT WORTH AT 1 PER PERIOD FOR 4 YEARS @ 12%
<br /> PRESENT WORTH AT CAPITAL & PROFIT
<br />This relates to a profit of 12.50% of gross sale~
<br />
<br /> 12.00%
<br />$97,534
<br />3.037349
<br />$296,245
<br /> $4,172
<br />
<br /> 11.00%
<br />$97,534
<br />3.102446
<br />$302,594
<br /> $4,262
<br />
<br /> 10.00%
<br />$97,534
<br />3.169865
<br />$309,170
<br /> $4,355
<br />
<br />5 YEAR SELLING PERIOD - DISCOUNTED AT 12%
<br />AVERAGE ANNUAL RETURN 5 YEARS
<br />PRESENT WORTH AT 1 PER PERIOD FOR 5 YEARS @ 12%
<br />PRESENT WORTH AT CAPITAL & PROFIT
<br />Th s re ares to a profit of 12.50% of gross sale.~
<br />
<br /> 12.00%
<br /> $74,442
<br /> 3.604776
<br />$268,348
<br /> $3,780
<br />
<br /> 11.00%
<br />$74,442
<br />3.695896
<br />$275,131
<br /> $3,875
<br />
<br /> 10.00%I
<br /> $74,442 I
<br />3.7907871
<br />$262,t95
<br /> $3,975 IACREI
<br />
<br />I 6 YEAR SELLING PERIOD - DISCOUNTED AT 12%
<br /> AVERAGE ANNUAL RETLIRN 6 YEARS
<br /> PRESENT WORTH AT 1 PER PERIOD FOR 6 YEARS @ 12%
<br /> PRESENT WORTH AT CAPITAL & PROFIT
<br /> This relates to a profit of 12.50% of gross sale;
<br />
<br /> 12.00%
<br />$58,121
<br />4,111407
<br />$238,958
<br /> $3,366
<br />
<br /> 11.00%
<br />$58,121
<br />4.230538
<br />$245,882
<br /> $3,463
<br />
<br /> 10.00%]
<br /> $58,~21I
<br />4.355261~
<br />$253,131 J_...___,
<br /> $3,565 IACRE I
<br />
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