APPRAISAL REPORT

CITY OF FAYETTEVILLE
I-540 Business & Technology Park
Fayetteville, AR
BY
The Real Estate Consultants
118 N. East Ave.
Fayetteville, AR 72701

(c) Copyright 2002 by THE REAL ESTATE CONSULTANTS

TABLE OF CONTENTS

 Page
TITLE PAGE--
JUNE 21, 2002 COVER LETTER (2 pages)--
SUMMARY OF SALIENT FACTS & CONCLUSIONS 1
LOCATION MAP 2
SUBJECT PICTURES 3
PICTURES 4
PROPERTY IDENTIFICATION 13
LEGAL DESCRIPTION14
DEFINITION OF MARKET VALUE 15
DEFINITION OF MARKET VALUEDEFINITION OF VALUE-IN-USE 15
ASSUMPTIONS AND LIMITING CONDITIONS 16
THE APPRAISAL PROCESS 21
SCOPE OF THE APPRAISAL 22
AREA ANALYSIS (2 pages) 23
NEIGHBORHOOD DATA 25
SITE DATA (2 pages) 26
ENVIRONMENTAL ANALYSIS 28
  -AERIAL VIEW OF SUBJECT TRACT 29
  -PROPOSED PROJECT IMPROVEMENTS 30
  -SITE DEVELOPMENT PLAN CASE #2 31
HIGHEST AND BEST USE ANALYSIS 32
MARKET TRENDS 33
DETERMINATION OF MARKET VALUE 34
THE MARKET DATA APPROACH 35
  -COMPARABLE LAND SALES MAP 36
  -ANALYSIS OF LAND SALES & CONCLUSION OF VALUE48
  -COMPARABLE LAND SALES ADJUSTMENT GRID 49
THE COST APPROACH 52
  -DEVELOPMENT COST & ENGINEERING CONSIDERATIONS 53
  -ESTIMATED DEVELOPMENT COST- FULL PARK DEVELOPMENT 54
  -INDICATED VALUE VIA COST APPROACH 55
SUBDIVISION ANALYSIS METHOD (2 pages)56
  -CONCLUSIONS ABOUT SUPPLY AND DEMAND FACTORS 58
  -SELLING PRICES OBTAINABLE 59
  -TRACT SALES PROJECTION - CASE #2 (2 pages) 73
  -INDICATED VALUATIONS VIA S/D ANALYSIS METHOD - CASE #2 75
CORRELATION, ANALYSIS & CONCLUSION (2 pages) 76
CERTIFICATE OF APPRAISER 78
ADDENDUM 79
  -ZONING MAP 79
  -WATER LINE MAP 80
  -SEWER LINE MAP 81
  -TRAFFIC FLOW MAP 82
  -QUALIFICATIONS 83

Back  |  Home