354 Park

MULTI-FAMILY COMPS

MULTI-FAMILY COMPS

Riverside St Johns Address

555 Bishop Gate Lane

Units

125

Year Bui lt

2020

Neighborhood

Riverside

Land Price / Unit

$28,000.00

San Marco Promenade Apartments Address 1905 Promenade Way Units 284 Year Bui lt 2020 Neighborhood San Marco Land price / Unit $28,763.64

SouthBank Urban Address

959 Prudential Drive

Units

185

Year Bui lt

Under Construction

Neighborhood

Southbank

Land price / Unit

$20,270.27

River City Address

*Proposed and in process, not yet validated

835 Museum Circle

Units

335

Year Bui lt

Proposed

Neighborhood

Southbank

Land price / Unit

$29,850.75

MULTI-FAMILY USE VALUATION

For purposes of this BOV, we are assuming a prospective purchaser can achieve maximum zoning density per the Urban Priority Area at 80 Units Per Acre – 200 Units assumed for this BOV.

HIGHEST PRICE

MARKET PRICE

Glove Fit User

All Jacksonville

$7,000,000 ($35,000 per unit)

$6,000,000 ($30,000 per unit)

**Comparable properties and the subject property were not inspected. Information obtained within was based on public county data programs and C&W subscribed programs typically used for research. Landsquare footage could not be confirmed but rather estimated based on informa- tion provided by the owner or public county programs. Further, pricing is subject to in-place entitlements and concurrency for office use.