HomeMy WebLinkAboutsummary of salient facts• T INDUSTRIAL BUILDING SUMMARY OF SALIENT FACTS AND CONCLUSIONS
SUMMARY OF SALIENT FACTS AND CONCLUSIONS
PART ONE
Property
Industrial Building
247 N.F. 59 Street
Miami, Miami -Dade County, FL 33137
Census Tract Number 20.040-1
Property Tax Identification Number(s) 01-3218-015-0350
Owner of Record Ben Bennet & Jerry Pumo
Date of the Report
Effective Date of the Appraisal
November 12, 2002
August 22, 2002
Land Area
Gross Building Area (GBA)
Rentable Area (RA)
Current Occupancy
Year Built
Zoning Designation I, INDUSTRIAL, City of Miami.
Floodplain Map Panel Number and Date 12025C0181J; 03/02/1994
Floodplain Designation X - Areas of 500-year Flood
Real Estate Taxes, Year 2002 $2,725
Highest and Best Use as Improved Continued Industrial Use
Property Rights Appraised Fee Simple estate
Estimated Exposure Time and
Marketing Period 12 months; 12 months
0.1148 acres; 5,000 square feet
8,215 square feet
7,660 square feet
0%; Currently vacant, however, being tem-
porarily utilized informally for storage and
month to month leases on a per project basis.
1945
Market Value Indications
Cost Approach N/A
Sales Comparison Approach $170,000
Income Capitalization Approach
Direct Capitalization $170,000
Market Value Conclusion* $170,000 ($22 per SF of RA)
*This market value conclusion is subject to extraordinary assumptions and hypothetical conditions set
forth in the letter of transmittal.
PAGE 2
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