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Land Value <br /> <br />CBRE VALUATION & ADVISORY SERVICES 24 © 2025 CBRE, INC <br /> <br /> <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 1 2 3 4 5 Subject <br />Transaction Type Sale Sale Sale Sale Sale --- <br />Transaction Date Feb-25 Dec-24 Aug-24 Jan-24 Dec-23 --- <br />Interest Transferred Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple <br />Zoning Commercial (SP-1)SP-1 CL Commercial (C-2)CSM - Commercial <br />South Main <br />C2, General <br />Commercial <br />Actual Sale Price $1,050,000 $878,000 $1,100,000 $3,345,500 $435,000 --- <br />Adjusted Sale Price 1 $1,050,000 $878,000 $1,100,000 $3,345,500 $435,000 --- <br />Size (Acres)0.37 0.30 0.43 1.30 0.15 0.38 <br />Size (SF)16,100 13,016 18,881 56,628 6,621 16,632 <br />Price Per SF $65.22 $67.46 $58.26 $59.08 $65.70 --- <br />Price ($ PSF)$65.22 $67.46 $58.26 $59.08 $65.70 <br />Property Rights Conveyed 0%0%0%0%0% <br />Financing Terms 1 0%0%0%0%0% <br />Conditions of Sale 0%0%0%0%0% <br />Market Conditions (Time)0.0%0.0%0.0%0.0%0.0% <br />Subtotal $65.22 $67.46 $58.26 $59.08 $65.70 <br />Size ------Inferior Superior <br />Shape ----Inferior Inferior -- <br />Corner/Access --Inferior Inferior Inferior Inferior <br />Visibitlity/Frontage Superior Sig. Superior --Superior -- <br />Topography ---------- <br />Location ----Superior ---- <br />Zoning/Density ----Inferior ---- <br />Entitlements ------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 /> <br />  <br />  <br />City Council 17 – 40 2/17/2026