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COMMERCIAL BUILDING SUMMARY OF SALIENT FACTS AND CONCLUSIONS
SUMMARY OF SALIENT FACTS AND CONCLUSIONS
PART ONE
Property
Census Tract Number
Property Tax Identification Number(s)
Owner of Record
Commercial Building
6421 N.E. 2nd Avenue
Miami, Miami -Dade County, FL 33138
20.010-2
01-3218-020-0120
Ben Pumo Trust
Date of the Report
Effective Date of the Appraisal
October 23, 2003
October 1, 2003
Land Area
Gross Building Area (GBA)
Gross Leasable Area (GLA)
Current Occupancy
Year Built
Zoning Designation
Floodplain Map Panel Number and Date
Floodplain Designation
Real Estate Taxes, Year 2002
Highest and Best Use as Improved
Property Rights Appraised
Estimated Exposure Time and
Marketing Period
Market Value Indications
C'ost .Approach
Sales Comparison .Approach
Income Capitalization .Approach
Direct Capitalization
Market Value Conclusion*
0.3730 acres; 16,250 square feet
13,462 square feet
Not available
100%
1972
1, INDUSTRIAL (This Category Applies To
Manufacturing, Processing, Assembly &
Storage Activities, And Generally Limits
Activities To Those Which Do Not Generate
Excessive Noise, Illumination, Pollution,
Etc.)
12025C01 S 1J; 02.'02/ 1994
"X" - Areas outside the 500-year tloodplain
$7.427
Continued Retail Use
Fee Simple Estate
12 months; 12 months
N,A
$540,000
$510,000
$520,000 ($39 per SF of GBA)
*This market value conclusion is subject to any extraordinary assumptions and hypothetical
conditions set forth in this report.
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