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Indian River County 1 Impact Fee Update Study <br />Table F-7 <br />Lana value Analysis - Law <br />Variable1�1 <br />Value of Current Parcels <br />tntorcement <br />Year <br />2013 <br />faculties <br />Average Land <br />Value per Acre <br />$50,702 <br />Cost of Recent Land Purchases)�) <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 to 15 acres <br />2013 <br />$18,105 <br />West IRC - All Land Uses <br />- 4 to 6 acres <br />2013 <br />$15,727 <br />- 6 to 15 acres <br />2013 <br />$24,376 <br />Unincorporated - Residential <br />- 4 to 6 acres <br />2013 <br />$18,754 <br />- 6 to 15 acres <br />2013 <br />$20,824 <br />Unincorporated - All Land Uses <br />- 4 to 6 acres <br />2013 <br />$23,844 <br />- 6 to 15 acres <br />2013 <br />$29,338 <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 />West !RC - All Land Uses <br />- 4 to 6 acres <br />2010-2012 <br />$51,252 <br />- 6 t 15 acres <br />2010-2012 <br />$56,403 <br />Unincorporated - Residential <br />- 4 to 6 acres <br />2010-2012 <br />$42,614 <br />- 6 to 15 acres <br />2010-2012 <br />$62,617 <br />Unincorporated - All Land Uses <br />- 4 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: 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. <br />June 2014 <br />Indian River County <br />F-11 Impact Fee Update Study <br />2lto <br />