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LAND VALUATION <br /> The land value is estimated based on comparing the subject property, as if vacant <br /> with other recent sales of similar land sales located in the subject neighborhood. <br /> Unfortunately, I have been unable to find any recent sales of similar zoned property <br /> in the area or even any offerings. As a result, I have researched sales in other general parts <br /> of the City and have concluded that the subject would have an Indicated Value of$2.50 per <br /> sq. ft. <br /> The subject contains 44,553 sq.fi x$2.50=$111,382 <br /> SAY <br /> $111,000 <br /> ! <br /> [I! <br /> INDICATED VALUE $111,000 <br /> 12 <br />