Laserfiche WebLink
Land Value Conclusion <br />Indicated Value per Square Foot $80.00 <br />Subject Square Feet 19,839 <br />Indicated Value $1,587,120 <br />Valuation of the Parts Acquired <br />The subject's larger parcel is impacted by two proposed acquisitions: a fee acquisition and a <br />temporary construction easement. <br />Fee Acquisition <br />The area to be acquired for the proposed fee acquisition is 1,645 square feet. This area will be <br />acquired in fee; the property owner will lose all rights to this area and the full fee value of the <br />acquisition area is indicated. <br />Fee Acquisition <br />Assesor's Parcel Land Value Indicated <br />Number Area ($/SF) Land Value Value <br />002-261-06 1,645 $80 $131,600 100% $131,600 <br />Site Improvements within the Acquisition Area <br />No site improvements will be impacted by the project as proposed. <br />Value of the Remainder as a Portion of the Whole <br />The valuation of the remainder parcel after the partial acquisition and the construction of the project in <br />the manner proposed presumes a hypothetical condition. This is because, as of the effective date of <br />value of this report, the partial acquisition has not yet been acquired or severed from the larger parcel <br />and the project has not commenced construction. Project information received from the client has been <br />relied on in analyzing the impact the proposed project will have on the remainder parcel in the "after" <br />condition. The use of a hypothetical condition may have affected the assignment results. <br />Valuation of the remainder parcel as part of the whole is measured by subtracting the value of the part <br />acquired from the larger parcel value, as follows: <br />Remainder as a Portion of the Whole <br />Value of the Larger Parcel - Land Only $1,587,120 <br />Less: Permanent Acquisitions-$131,600 <br />Remainder as a Portion of the Whole - Land Only $1,455,520 <br />The figure above is useful for comparison purposes, with the value of the remainder in the after <br />condition, as the method for estimating damages to the remainder. <br />Value of the Remainder in the After Condition Before Considering Benefits <br />Valuation of the remainder parcel after acquisition considers how the partial acquisition affects the <br />remainder parcel. Methodology involves a determination as to severance damages and benefits that <br />may accrue to the remainder parcel. <br />Page 4 <br />