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Finding of fact for petition number 2024-107 List of Property Appraiser's witnesses and exhibits: Billy Auton, representing the Property Appraiser's Office, appeared in person. The Property Appraiser's (PA's) evidence package consisted of 20 pages. The evidence included, a summary of the testimony, consideration by the PA per Florida Statute 193.011, a vacant land sales chart summarizing 4 comparable sales, the property card for the subject property, and property cards for the 4 comparable sales, and an aerial location map showing the subject and the 4 comparable sales. The above evidence was submitted in to Axia and was admitted in to evidence. List of Petitioner's witnesses and exhibits: Jeffrey Smith, with Ryan, representing the property owner, appeared by phone. The petitioner submitted an evidence package that consisted of 10 pages. The evidence included a summary sheet of the evidence submitted, a Sales Comps Map and 5 comparable sales from Costar along with the sales summary sheets, and the DR-493 for Indian River County. The above evidence was submitted in to Axia and was admitted in to evidence. Overview of the Subject Property: The property is a 11.55 acre parcel that is zoned both IL- Light Industrial and CL- Commercial Limited. The property is vacant and fronts both US Hwy 1 and Old Dixie Hwy and is located at 5001 US Hwy 1 in Vero Beach. Summary of evidence presented by the property appraiser: The PA stated that the property has a Just Value of$1,091,062 or $2.17 SF at the beginning of the hearing. The PA presented a sales comparison approach with 4 comparable sales in a chart. Comparable sales were zoned either CH-Heavy Commercial or LI-Light Industrial. The four comparable sales ranged in size from 6.05 acres to 20.07 acres. The sales sold between $3.23 SF to $4.14 SF, with an average sale price of$3.70 SF. Based 1 2024-107 -46 - Page 2 of 4