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<br />Nagell Appraisal Incorporated | 952.544.8966 Page 7 <br /> <br />SUMMARY OF IMPORTANT FACTS & CONCLUSIONS <br /> <br /> <br /> <br />General Description: Vacant development land <br />Appraisal Report: Appraisal Report <br />Current Use: Vacant land <br />Extraordinary Assumptions: Yes, see end of report <br />Hypothetical Assumptions: None <br />Site Size: 165,498 SF (3.8 acres), per county and aerial GIS <br />measurement <br />Year Built: n/a, the subject is vacant <br />GBA: n/a, the subject is vacant <br />NRA: n/a, the subject is vacant <br />Zoning: B-3, Highway Business <br />Highest and Best Use: Future development <br />Property Rights Appraised: Fee Simple <br />Business Value / FF&E: No business value or FF&E included <br />Cost Approach: Not Applicable <br />Sales Comparison Approach: See report <br />Income Approach: Not Applicable <br />Final Value Opinion: See report <br />