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VACANT LAND SALES IN SUPPORT OF DEVELOPMENT COST APPROACH <br /> • Sale No. 1 Buyer: <br /> Date: Novco, Inc. <br /> November 1993 <br /> Legal: Rail 10, Lot 4, Block 1 <br /> Pin: 75-457-0140 <br /> Price: $26,500 <br /> :-- Size: 1.88 acres, 81,723 square feet <br /> Price/SF: $. 32 <br /> Comments: Located in smaller industrial park <br /> platted in 1987. Private well and <br /> septic. <br /> Sale No. 2 Buyer: Larry & Florence Hickman <br /> Date: April 1993 <br /> Legal: Rail 10, Lot 3 , Block 2 <br /> Pin: 75-457-0230 <br /> Price: $32, 000 <br /> Size: 1.56 acres, 67,758 square feet <br /> Price/SF: $.47. <br /> Comments: Located in smaller industrial park <br /> platted in 1987 . Private well and <br /> septic. <br /> Sale No. 3 Buyer: Metropolitan Gravel Co. , Inc. <br /> Date: March 1993 <br /> 1 Legal: Armon Industrial Park, Lot 3 , Block 2 <br /> and Lot 4, Block 2 <br />:iiiiiii Pin: 75-501-0240 <br /> Price: $40, 000 <br /> Size: 1.49 acres, 65,000 square feet <br /> Price/SF: $.62 <br /> Comments: Located in 19 lot industrial park <br /> platted in 1979. Private well and <br /> septic. 17 lots are available in this <br /> industrial park. <br /> Sale No. 4 Buyers R & N Corporation <br /> III Date: October 1993 <br /> Legal: The Crossroads, Lots 4, 5, 6, 7, 8, <br /> Block 1 and Lot 1, Block 2 <br /> III Pin: 75-521-0140, 0150, 0160, 0170, 0180, <br /> 0210 <br /> Price: $215, 000 <br /> Size: 5.32 acres, 231,608 square feet <br /> III Price/SF: $.95 <br /> Comments: This property is located in a smaller <br /> commercial park and has private well <br /> Iii and septic. The Crossroads is located <br /> on Highway 10 just south of the <br /> intersection with Highway 101. The . <br /> location is superior to the subject. <br /> illThis property is to be developed with <br /> a car dealership. <br /> • <br /> 23 <br />