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Indian River County I Impact Fee Update Study <br /> Table F-7 <br /> Land Value Analysis-Law Enforcement Facilities <br /> Variable(l) Year Average Land <br /> Value per Acre <br /> Value of Current Parcels 2013 $50,702 <br /> Cost of Recent Land Purchases(2) 2011 $355,104 <br /> Value of Vacant Land: <br /> West IRC-Residential <br /> -4 to 6 acres 2013 $12,855 <br /> -6 t 15 acres 2013 $18,105 <br /> West IRC-All Land Uses <br /> -4 to 6 acres 2013 $15,727 <br /> -6 to 15 acres 2013 $24,376 <br /> Unincorporated-Residential <br /> -4 to 6 acres 2013 $18,754 <br /> -6 to 15 acres 2013 $20,824 <br /> Unincorporated-All Land Uses <br /> -4 to 6 acres 2013 $23,844 <br /> -6 to 15 acres 2013 $29,338 <br /> Vacant Land Sales: <br /> West IRC-Residential <br /> -4 to 6 acres 2010-2012 $43,238 <br /> -6 to 15 acres 2010-2012 $59,271 <br /> West IRC-All Land Uses <br /> -4 to 6 acres 2010-2012 $51,252 <br /> -6 to 15 acres 2010-2012 $56,403 <br /> Unincorporated-Residential <br /> -4 to 6 acres 2010-2012 $42,614 <br /> -6 to 15 acres 2010-2012 $62,617 <br /> Unincorporated-All Land Uses <br /> -4 to 6 acres 2010-2012 $50,480 <br /> -6 to 15 acres 2010-2012 $66,238 <br /> Used in the Study 2013 $50,000 <br /> (1) Source: Indian 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. Indian River County <br /> June 2014 F-11 Impact Fee Update Study <br /> ZUa <br />