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Land Value <br />Conclusion <br />Based on the foregoing discussion of comparability, the market data and the subject property may be <br />arrayed as follows: <br />LAND VALUE ARRAY <br />Data No. Overall Comparison Time Adjusted Price/SF <br />2 Superior $67.46 <br />5 Superior $65.70 <br />1 Superior $65.22 <br />-- SUBJECT -- <br />4 Inferior $59.08 <br />3 Inferior $58.26 <br />Compiled by CBRE <br />The preceding analysis indicates an overall value range for the subject of $58.26 to $67.46 per square foot. <br />Comparables 1 and 2 are superior primarily due to their superior visibility/frontage. Comparable 5 is <br />superior as a result of its smaller size. Comparable 3 is considered inferior due to its long and narrow <br />shape, interior orientation, and inferior zoning. These factors are partially offset by tis superior location. <br />Comparable 4 is considered inferior as a result of its larger size, and inferior shape. These factors are <br />partially offset by its superior visibility/frontage. We have bracketed the range of value for the subject <br />between Comparable 4, which is inferior at $59.08 per square foot and Comparable 1, which is superior at <br />$65.22 per square foot. Based on our analysis, we have concluded as follows: <br />CONCLUDED LAND VALUE <br />$ PSF Subject SF Total <br />$62.00 x 16,632 = $1,031,184 <br />Rounded $1,030,000 <br />Compiled by CBRE <br />CBRE VALUATION & ADVISORY SER/ICES 25 © 2025 CBRE, INC <br />