NVI Technical College Information

S ALES C OMPARISON A PPROACH 57

After adjustments, the comparable improved sales reflect a range from $73.73 to $82.18 per square foot, with an average of $75.81 per square foot. Based on the data available and the analyses presented, the indicated value of the subject property by the Sales Comparison Approach is $75.00 per square foot, calculated in the following table.

SALES COMPARISON APPROACH VALUE CONCLUSION

Indicated Value per SF

$75.00

per SF (Net)

x 282,125

Indicated As Is Value

$21,159,375 $21,160,000

Rounded to nearest $10,000

Per SF (Net)

$75.00

F OUR B UILDING I NDUSTRIAL C OMPLEX A PPRAISAL

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