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I <br /> liCOMPARABLE VACANT LAND SALES GRID <br /> f ADJMT ITEM SALE 1 SALE 2 SALE #3 SALE #4 <br /> • SALE PRICE $.32 $.47 $. 62 $. 95 <br /> IIDATE OF SALE 11/93 4/93 3/93 10/93 <br /> TIME ADJUST 1. 00% 3 .00% 3 . 00% 1. 00% <br /> IIADJUSTED PRICE $. 32 $.48 $. 64 $.96 <br /> TRAFFIC .00% . 00% . 00% -25. 00% <br /> LOCATION 100. 00% 100. 00% 100. 00% . 00% <br /> NET ADJMT 100.00% 100.00% 100.00% -25.00% <br /> CALCULATION $. 32 $.48 $. 64 $.96 <br /> MULTIPLIER 2 . 00 2 .00 2 . 00 .75 <br /> RESULT $.64 $.96 $1.28 $.72 <br /> ,ADJMT ITEM SALE #5 SALE #6 SALE #7 <br /> ISALE PRICE $1.37 $.45 $.46 <br /> • DATE OF SALE 9/92 1/94 10/93 <br /> TIME ADJUST 5. 00% 1. 00% 1. 00% <br /> I _ ADJUSTED PRICE $1.44 $.45 $.46 <br /> TRAFFIC -25.00% .00% .00% <br /> ILOCATION . 00% 100. 00% 100. 00% <br /> NET ADJMT -25.00% 100.00% 100.00% <br /> I <br /> CALCULATION $1.44 $.45 $. 46 <br /> IMULTIPLIER .75 2 . 00 2. 00 <br /> RESULT $1.08 $.90 $.92 <br /> Based on the results of the above grid and weighted analysis it <br /> is our opinion that lots in the established industrial market <br /> in Elk River have an estimated value of $. 90 per square foot. <br /> This value is the basis used to establish the raw land value in <br /> the following development cost approach. <br /> • <br /> 26 <br /> I <br />