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I E. M. B. COLLARD - APPRAISER 2011 13th AVENUE - VERO BEACH. FLORIDA 32960 P.O.Box 622 ASSOCIATED WITH - LARRY FINEGAN. REALTOR NATIONAL ASSOCIATION February S, F AISERS 1974 4 Mr. Jack Dritenbas P.O.Box 1016, Vero Beach, Fla. 3296o PHONE OFFICE: (305) 588-9445 HOME: (305) 588-5880 Dear Mr. Dritenbas: Pursuant to your request I have made an appraisal of the frame office building now located at the County Garage on South Gifford Road. Upon 14spection I find that the building measures 101± by 121- and contains 120 square feet. It is of frame construction set on a foundation of formed concrete piers, the wood sub floor is covered with vinyl tile, the exterior walls are of Texture 111, a grooved type of thick exterior plywood, the interior walls are paneled with wood grain plywood. the ceiling is of acoustical tile and the gabled roof has a tar and gravel topping which has been sprayed white. The building is completely insulated, the windows which number 5, are aluminium awning type and the entrance door jalousied. The building is wired for electric power for both 110 and 220 volt circuits which would enable the building to be heated and cooled with a very small type reverse cycle A.C. wall unit. The workmanship is of very good quality as are the materials although there is evidence of some deferred.maintenance on the exterior i.e. the trim and corner boards should be painted. At todays prices for labor and materials the cost of this type of construction would run approximately $ 20 per square foot. Containing 120 SIF. the cost of reproduction in new condition would be $ 2,400. While the building is virtually new and little if any physical depreciation could be assessed I am depreciating the building 10 % mainly because of the above mentioned deferred maintenance. Estimated value = $ 2,400 Re e u1 submi ed , o11a"rd less 10 % depreciation = $ 2,160 See picture attached Book -19 "4:;� 444