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Indian River County 1 Impact Fee Update Study <br />Table F-6 <br />Land Value Analysis - Correctional Facilities <br />Variablei1 <br />Value of Current Parcels <br />Year <br />2013 <br />Average Land Value <br />per Acre <br />$45,600 <br />Value of Vacant Land: <br />West IRC- Residential <br />- 4 t 6 acres <br />2013 <br />$12,855 <br />- 6 to 15 acres <br />2013 <br />$18,105 <br />- 15 to 20 acres <br />2013 <br />$21,353 <br />West IRC- All Land Uses <br />-4to6acres <br />2013 <br />$15,727 <br />- 6 to 15 acres <br />2013 <br />$24,376 <br />- 15 to 20 acres <br />2013 <br />$22,622 <br />Countywide - Residential <br />- 4 to 6 acres <br />2013 <br />$21,884 <br />- 6 to 15 acres <br />2013 <br />$24,620 <br />- 15 to 20 acres <br />2013 <br />$26,160 <br />Countywide - All Land Uses <br />- 4 to 6 acres <br />2013 <br />$26,741 <br />- 6 to 15 acres <br />2013 <br />$32,543 <br />- 15 to 20 acres <br />2013 <br />$31,644 <br />Vacant Land Sales: <br />West IRC- Residential <br />- 4 to 6 acres <br />2010-2012 <br />$43,238 <br />- 6 to 15 acres <br />2010-2012 <br />$59,271 <br />- 15 to 20 acres <br />2010-2012 <br />$95,109 <br />West IRC - All Land Uses <br />-4to6acres <br />2010-2012 <br />$51,252 <br />- 6 to 15 acres <br />2010-2012 <br />$56,403 <br />- 15 to 20 acres <br />2010-2012 <br />$97,836 <br />Countywide - Residential <br />- 4 to 6 acres <br />2010-2012 <br />$42,109 <br />- 6 to 15 acres <br />2010-2012 <br />$61,063 <br />- 15 to 20 acres <br />2010-2012 <br />$124,315 <br />Countywide - All Land Uses <br />- 4 to 6 acres <br />2010-2012 <br />$49,868 <br />- 6 to 15 acres <br />2010-2012 <br />$63,042 <br />- 15 to 20 acres <br />2010-2012 <br />$130,357 <br />Used in the Study <br />2013 <br />$50,000 <br />(11 Source: Indian River County Prooertv Aooraiser Database <br />Tindale -Oliver & Associates, Inc. <br />June 2014 <br />F-9 <br />Indian River County <br />Impact Fee Update Study <br />