NVI Technical College Information

S ALES C OMPARISON A PPROACH 56

Q UALITY Quality adjustments reflect differences in the quality and durability of construction materials, design, building classification, finish-out, et cetera. The subject improvements are primarily metal in construction and are inferior to masonry construction. Comparable No. 1 was judged inferior to the subject and received an upward adjustment of 10%. Comparable No. 2 was regarded superior to the subject and received a downward adjustment of 10%. Comparable No. 4 was regarded superior to the subject and received a downward adjustment of 10%. Comparable No. 5 was regarded superior to the subject and received a downward adjustment of 10%. L AND -T O -B UILDING R ATIO This represents the proportion of land area to gross building area. Properties with a higher land-to-building ratio are generally considered superior to those with a lower ratio due to the possibility for expansion, redevelopment, outside storage, parking, et cetera. Comparable No. 1 was judged inferior to the subject and received an upward adjustment of 5%. Comparable No. 2 was judged inferior to the subject and received an upward adjustment of 5%. Comparable No. 3 was regarded superior to the subject and received a downward adjustment of 15%. Comparable No. 5 was judged inferior to the subject and received an upward adjustment of 5%. D ESIGN /A PPEAL This adjustment category recognizes differences for market appeal amongst properties. Adjustments were made to account for the layout and construction relative to classroom/campus use, specifically relative to a technical school. Comparable No. 1 was judged inferior to the subject and received an upward adjustment of 10%. Comparable No. 2 was regarded superior to the subject and received a downward adjustment of 10%. Comparable No. 3 was judged inferior to the subject and received an upward adjustment of 10%. Comparable No. 4 was regarded superior to the subject and received a downward adjustment of 10%. Comparable No. 5 was judged inferior to the subject and received an upward adjustment of 10%. S UMMARY OF P ROPERTY A DJUSTMENTS Comparable No. 2 was regarded superior to the subject and received a downward adjustment of 5%. Comparable No. 3 was regarded superior to the subject and received a downward adjustment of 10%. Comparable No. 4 was regarded superior to the subject and received a downward adjustment of 10%. Comparable No. 5 was regarded superior to the subject and received a downward adjustment of 5%. S ALES C OMPARISON A PPROACH C ONCLUSION SALES SUMMARY UNADJUSTED ADJUSTED Minimum $73.98 $73.73 Maximum $86.77 $82.18 Average $82.48 $75.81 Median $86.23 $74.19 Standard Deviation $5.17 $3.21

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