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Indian River County 1 Impact Fee Update Study
<br />Table F-7
<br />Land Value Analysis - Law Enforcement Facilities
<br />Variable (1)
<br />Value of Current Parcels
<br />Year
<br />2013
<br />Average Land
<br />t Value per Acre
<br />$50,702
<br />Cost of Recent Land Purchases12l
<br />2011
<br />$355,104
<br />Value of Vacant Land:
<br />West IRC - Residential
<br />- 4 to 6 acres
<br />2013
<br />$12,855
<br />- 6 t 15 acres
<br />2013`:.'
<br />., $18,105
<br />WestIRC - All Land Uses
<br />-:;
<br />- 4 to 6 acres
<br />;' 2013 , -
<br />--`., $15,727
<br />-6to15acres 4Y-,2613
<br />`' ;;x$24,376
<br />Unincorporated - Residential /
<br />;,-
<br />,
<br />-4to6acres .' '
<br />2013
<br />$18;754
<br />- 6 to 15 acres
<br />2013 -:
<br />$2044 .,
<br />Unincorporated - All Land Uses
<br />, �-, /
<br />-4to6acres
<br />2013 -
<br />$23,844
<br />- 6 to 15 acres `: -
<br />2013 ',
<br />$29,338
<br />Vacant Land Sales: 'j_ ,�
<br />,
<br />West IRC -Residential ' _ '
<br />-,.,,
<br />r
<br />- 4to 6 acres ,-._;
<br />- 2010=2012,
<br />J$43,238
<br />- 6to'15 acres •
<br />2010-2012
<br />• $59,271
<br />West IRC -.All Land Uses
<br />- 4 to 6 acres, . 1--
<br />"2010-2012
<br />$51,252
<br />:--6to15 acres - "'� '
<br />, 2010-2012
<br />$56,403
<br />Unincorporated• -;Residential ,.
<br />,''
<br />- 4 to 6'acres 1 ' : ". _
<br />2010-2012
<br />$42,614
<br />- 6 to 15 acres\, ' '`;
<br />2010-2012
<br />$62,617
<br />- Unincorporated 'All Land -Uses
<br />•-:- .to 6 acres '; \
<br />2010-2012
<br />$50,480
<br />--6 to -15 acres,
<br />2010-2012
<br />$66,238
<br />Used in the Study
<br />2013
<br />$50,000
<br />(1) Source Iridian River County Property Appraiser Database
<br />(2) Source: Indian River County Sheriff's Office, the parcel included structures
<br />Emergency Services
<br />Typically, fire stations need to be located at or near major intersections and not in
<br />residential areas, for better access and minimum disturbance. As such, land value of these
<br />facilities tends to be higher. This can be seen in the current land value of existing fire
<br />stations at $102,000 per acre with a range of $16,000 per acre to $171,000 per acre. The
<br />Tindale -Oliver & Associates, Inc.
<br />January 2014
<br />Indian River County
<br />F-11 Impact Fee Update Study
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