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Indian River County 1 Impact Fee Update Study
<br />Table F-7
<br />Land Value Analysis - Law Enforcement Facilities
<br />(1) Source: align 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
<br />Variable(1)
<br />Value of Current Parcels
<br />Year
<br />2013
<br />Average Land
<br />Value per Acre
<br />$50,702
<br />Cost of Recent Land Purchases(2)
<br />2011
<br />$355,104
<br />Value of Vacant Land:
<br />West IRC- Residential
<br />- 4 to 6 acres
<br />2013 6Ns,$12,855
<br />-6to15acres
<br />2013k'OP
<br />$18,105
<br />West IRC- All Land Uses
<br />, ,,
<br />-4to6acres
<br />2013
<br />$15,727
<br />- 6 to 15 acres
<br />A,
<br />$r 2013
<br />„$24,376
<br />Unincorporated - Residential
<br />- 4 to 6 acres vs
<br />2013
<br />$1054
<br />- 6 to 15 acres
<br />4,64
<br />& 2013
<br />$20,824,
<br />Unincorporated
<br />- All Land Uses
<br />s., enr
<br />0
<br />- 4 to 6 acres
<br />$23,844 N.
<br />- 6 to 15 acres -, k:
<br />2013
<br />$29,338
<br />Vacant Land Sales:
<br />M`(.
<br />A
<br />.
<br />West IRC -Residential
<br />- 4 to 6 a e s kti.X201
<br />.2012_
<br />'41 43, 238
<br />- 6 to 5 acres h ;:;
<br />H_2010-2012
<br />:b
<br />$59,271
<br />West IRC;-,AII LandUses
<br />4
<br />4 to 6 acres°inettv :;.;.
<br />X2010-2012
<br />$51,252
<br />6,to 15 acres,
<br />12010-2012
<br />$56,403
<br />UnmcorporatedResidential
<br />: ;
<br />,
<br />-4to6 aces
<br />2010-2012
<br />$42,614
<br />- 6 to 15 alga
<br />2010-2012
<br />$62,617
<br />UnincorporatedAll Landtuses
<br />r.-2,4,to 6 acres .
<br />2010-2012
<br />$50,480
<br />acres la.$t
<br />2010-2012
<br />$66,238
<br />- 6 to 15
<br />Used inth °Stu y
<br />2013
<br />$50,000
<br />(1) Source: align 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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