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Summary of Adjustments <br />Based on our comparative analysis, the following chart summarizes the adjustments warranted to each <br />comparable. <br />LAND SALES ADJUSTMENT GRID <br />Comparable Number <br />1 <br />2 <br />3 <br />4 <br />5 <br />Subject <br />Transaction Type <br />Sale <br />Sale <br />Sale <br />Sale <br />Sale <br />--- <br />Transaction Date <br />Feb-25 <br />Dec-24 <br />Aug-24 <br />Jan-24 <br />Dec-23 <br />--- <br />Interest Transferred <br />Fee Simple <br />Fee Simple <br />Fee Simple <br />Fee Simple <br />Fee Simple <br />Zoning <br />Commercial (SP-1) <br />SPA <br />CL <br />Commercial (C-2) <br />CSM - Commercial <br />C2, General <br />South Main <br />Commercial <br />Actual Sale Price <br />$1,050,000 <br />$878,000 <br />$1,100,000 <br />$3,345,500 <br />$435,000 <br />--- <br />Adjusted Sale Price <br />$1,050,000 <br />$878,000 <br />$1,100,000 <br />$3,345,500 <br />$435,000 <br />--- <br />Size (Acres) <br />0.37 <br />0.30 <br />0.43 <br />1.30 <br />0.15 <br />0.38 <br />Size (SF) <br />16,100 <br />13,016 <br />18,881 <br />56,628 <br />6,621 <br />16,632 <br />Price Per SF <br />$65.22 <br />$67.46 <br />$58.26 <br />$59.08 <br />$65.70 <br />--- <br />Price ($ PSF) $65.22 $67.46 $58.26 $59.08 $65.70 <br />Property Rights Conveyed <br />0% <br />0% <br />0% <br />0% <br />0% <br />Financing Terms 1 <br />0% <br />0% <br />0% <br />0% <br />0% <br />Conditions of Sale <br />0% <br />0% <br />0% <br />0% <br />0% <br />Market Conditions (Time) <br />0.0% <br />0.0% <br />0.0% <br />0.0% <br />0.0% <br />Subtotal <br />$65.22 <br />$67.46 <br />$58.26 <br />$59.08 <br />$65.70 <br />Size <br />-- <br />-- <br />-- <br />Inferior <br />Superior <br />Shape <br />Inferior <br />Inferior <br />Corner/Access <br />Inferior <br />Inferior <br />Inferior <br />Inferior <br />Visibitlity/Frontage <br />Superior <br />Sig. Superior <br />Superior <br />Topography <br />Location <br />Superior <br />Zoning/Density <br />Inferior <br />Entitlements <br />Superior <br />Overall Comparison Superior Superior Inferior Inferior Superior <br />1 Adjusted sale price for cash equivalency and/or development costs (where applicable) <br />Compiled by CBRE <br />CBRE VALUATION & ADVISORY SER/ICES 24 © 2025 CBRE, INC <br />