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The comparable sales were adjusted and weighted in accordance with their comparability to the subject, sale date and other factors. The subject's lot size could not be bracketed by the available sales after an extensive search; however, Comp #6 was the most similar in size. Given the subject's smaller lot size, and based on the principle of economy of scale, the subject's value should trend toward the top of the range. Therefore, most consideration was given to Comps #3 and #4, with secondary weight to Comp #6. No weight was given to the remaining sales. After weighting the adjusted comparable sales data, a rounded value conclusion via the Sales Comparison Approach for the subject property Before Acquisition is $4.90 per ScI.Ft. ESTIMATE OF MARKET VALUE (BEFORE ACQUISITION) Subject Property Area Market Value Rate Value Extension Land 6,354 Sq.Ft. $4.90/Sq.Ft. $31,135 Improvements Not Applicable $0 low Total Before Acquisition Market Value $31,135 RECONCILIATION OF LAND VALUE (AFTER ACQUISITION) The acquisition of Parcel 229C from the subject property results in no changes to the land area of the subject site in the after condition. Furthermore, the acquisition does not result in any changes to the highest and best use or other significant physical characteristics of the subject site; therefore the subject's land value after acquisition would be the same as the before acquisition condition. After weighting the adjusted comparable sales data, a rounded value conclusion via the Sales Comparison Approach for the subject property After Acquisition is $4.90 per ScI.Ft. ESTIMATE OF MARKET VALUE (AFTER ACQUISITION) MJ Subject Property Area Market Value Rate Value Extension Land 6,354 Sq.Ft. I $4.90/Sq.Ft. $31,135 Improvements Not Applicable $0 Total After Acquisition Market Value $31,135 S.P. 7102-135RW C.S. 7102 (10=3) 902 Parcel 7102-902-229C Page 43