Laserfiche WebLink
VALUE CONCLUSIONS: <br /> Type of Value: Market Value Market Value Market Value <br /> "As-Is" "As-Completed" "As-Stabilized" <br /> Date of Value: 12/2/2016 3/1/2017 6/1/2017 <br /> Real Property Interest: Fee Simple Fee Simple Fee Simple <br /> Land Value: <br /> Indicated Land Value: $360,000 $360,000 $360,000 <br /> Per Square Foot: $5.00 $5.00 $5.00 <br /> Sales Comparison Approach: <br /> Concluded Value(Rounded): $1,030,000 $1,030,000 $1,030,000 <br /> LESS:Lease-Up Cost ($180,000) ($180,000) - <br /> LESS:Construction Cost ($200,000) - - <br /> Value Indication via Sales Approach: $650,000 $850,000 $1,030,000 <br /> Per Square Foot(NRA): $72.24 $94.47 $114.47 <br /> Income Approach: <br /> Direct Capitalization: <br /> Net Operating Income(Stabilized): $91,589 $91,589 $91,589 <br /> Capitalization Rate: 9.00% 9.00% 9.00% <br /> Preliminary Value: $1,017,660 $1,017,660 $1,017,660 <br /> Concluded Value(Rounded): $1,020,000 $1,020,000 $1,020,000 <br /> LESS:Lease-Up Cost ($180,000) ($180,000) - <br /> LESS:Construction Cost ($200,000) - - <br /> Value Indication via Direct Capitalization(Rounded): $640,000 $840,000 $1,020,000 <br /> Per Square Foot(NRA): $71.13 $93.35 $113.36 <br /> FINAL VALUE <br /> CONCLUSION:• Concluded Value: $645,000 $845,000 $1,025,000 <br /> Exposure Period: 12 months 12 months 12 months <br /> Marketing Period: 12 months 12 months 12 months <br /> 12 1 <br />