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Sales Comparison Approach —continued <br /> Listed below is the adjustment grid for the comparables listed on the previous pages. <br /> Comparable items of significant difference are adjusted for. <br /> SALES COMPARISION ADJUSTMENT GRID <br /> Subject Sale 1 Sale 2 Sale 3 Sale 4 Sale 5 Sale 6 Sale 7 <br /> NEC of Joplin& 17175 Yale 97X(US Hwy )0=Fremont )0=Quantrelle 14-2nd Street 1730-139th )0=-7th <br /> Address Business Ctr Dr, Street NW, 10, Avenue, Ave NE, SE, Lane NW, Street E, <br /> Elk River Elk River Elk River Zimmerman Otsego St.Michael Andover Monticello <br /> Proximity Subject 4 miles SE 6 miles SE 12 miles N 4 miles SE 7 miles SW 16 miles SE 12 miles W <br /> Property Rights Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple <br /> Financing Market Cash Cash Cash Cash Cash Cash Cash <br /> Conditions Typical Typical Typical Bank-Owned Bank-Owned Gvt.Sale Gvt.Sale Typical <br /> Sale Date Current Jul-15 Oct-14 Apr-15 Nov-14 May-15 May-15 Oct-14 <br /> Location Average Avg/Good Avg/Good Fair/Avg Average Average Good Avg/Good <br /> Use Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial <br /> Site Size 32,670 43,560 50,530 47,044 105,000 19,000 57,064 123,275 <br /> Phys,Char. Average Average Storage Bldg Average Average Average Average Average <br /> Utilities Available Available Not Available Available Available Available Available Available <br /> Sale Price Current $50,000 $95,500 $120,000 $260,000 $30,000 $203,400 $290,000 <br /> Price/SF $1.15 $1.89 $2.55 $2.48 $1.58 $3.56 $2.35 <br /> Adj ustme nts <br /> Property Rights Fee Simple <br /> Financing Market <br /> Conditions Typical 5% 5% 5% 5% <br /> Net Adjust 0% 0% 5% 5% 5% 5% 0% <br /> Part Adj.$/SF $1.15 $1.89 $2.68 $2.60 $1.66 $3.74 $2.35 <br /> Sale Date Current <br /> Equalized$/SF $1.15 $1.89 $2.68 $2.60 $1.66 $3.74 $2.35 <br /> Location Average 10% 10° -10% <br /> Use Commercial <br /> Site Size(SF) 32,670 5% 10% <br /> Phys,Char. Average -5% <br /> Utilities Available 15% <br /> Net Adjust -10% 0% 10% 5% 0% -20% 0% <br /> Adjusted Price/SF $1.03 $1.89 $2.95 $2.73 $1.66 $2.99 $2.35 <br /> Note: Wide variation in sale price is not uncommon given the current market and outlying <br /> location. <br /> 44 Nagell Appraisal&Consulting 1 952-544-8966 1 www.callnagell.com <br />