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Valuation 43 <br />Commercial Land Site - SWC of Middle Street and Market Place Drive <br />Valuation <br />Sales Comparison Approach <br />The subject property consists of land only. The sales comparison approach is considered to be <br />the best method to estimate value for this property type in the current market. This approach <br />utilizes sales of comparable properties, adjusted for differences, to indicate a value for the <br />subject. Valuation is typically accomplished using physical units of comparison such as price per <br />square foot of gross or net land area. Adjustments are applied to the property units of <br />comparison derived from the comparable sale. <br /> <br />Application of Approaches to Value <br />Approach Comments <br />Cost Approach <br />Sales Comparison Approach <br />Income Capitalization Approach <br />Compiled by NKF <br />The Income Capitalization Approach is not applicable and is not utilized in this <br />appraisal. <br />The Sales Comparison Approach is applicable and is utilized in this appraisal. <br />The Cost Approach is not applicable and is not utilized in this appraisal.