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Land Valuation 49 <br />Commercial Land Site - SWC of Middle Street and Market Place Drive <br />Land Value Conclusion <br /> <br /> Prior to adjustments, the sales reflect a range of $11.56 to $17.30 per square foot of <br />net land area. <br /> After adjustment, the range is narrowed to $12.14 to $14.15 per square foot. The <br />average is $13.03 per square foot of net land area. <br /> All of the sales are concluded to be relevant to the value of the subject property. <br />However, Sale 1 has the closest proximity to the subject and is the most recent sale. <br />Therefore, Sale 1 was given the most weight in the reconciled value estimate. <br />Conclusion <br />Based on this analysis, the value of the land in the before situation has been estimated at <br />$340,000. <br />Useable Land SF 27,007 <br />Comparable Sales Indications Range Average <br />Unadjusted Price Per Usable Land SF $11.56 - $17.30 $14.93 <br />Adjusted Price Per Usable Land SF $12.14 - $14.15 $13.03 <br />Reconciled Value Per Usable Land SF $12.50 <br />Total Indicated Value - Before $337,588 <br />Rounded $340,000 <br />Land Value Conclusion - Before