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Sebastian River Preserve State Park Land <br /> Department of Environmental Protection B/A 07-6430 5 <br /> SUMMARY OF FINDINGS (Continued ) <br /> Parcel B - Proposed Retention Pond (Continued ) <br /> Ownership History The property has been state-owned land for more <br /> than 5 years . <br /> FLUP/Zoning The parent tract is state-owned land subject to Indian <br /> River County' s future land use designation of " C " <br /> (Conservation) and "CON-2 " (Conservation ) zoning <br /> with no permitted development density. For valuation <br /> purposes , the client instructed the use of the <br /> hypothetical assumption that if the parent property <br /> was privately owned the land would have a "C/l " <br /> (Commercial/Industrial) land use and " IL" , Light <br /> Industrial , zoning (see Hypothetical Condition ) . <br /> Present Use Undeveloped land comprised primarily of open <br /> former pastureland with an area of pine flatwoods . <br /> Improvements None except 4-wire on wood post fencing along the <br /> east side of 102nd Terrace and the property' s <br /> boundary along the north side of CR 512 . <br /> Flood Zone Zone "X" <br /> Mineral Rights No title policy was available for review, therefore , we <br /> assume there are no oil , gas or mineral rights <br /> outstanding that impact the property . <br /> Easements Unknown , but there are existing municipal and public <br /> utilities that run along the boundary of Parcel B . <br /> 1 Encumbrances None known that would impact the market value of <br /> the property. <br /> Highest and Best Use Under the hypothetical assumption , light industrial <br /> use <br /> Unit of Comparison Value per Sq Ft of land <br /> Range of Sales Data $2 . 18 to $ 3 . 01 per SgFt of land <br /> 2260A <br />