HomeMy WebLinkAboutAppraisal Report A SUMMARY
APPRAISAL REPORT
OF
PARCEL NO. 2 - BARRON ROAD R-O-W, PHASE 3
OWNER: EDWARD E. THOMAS, JR., ET UX PENNY SUE
LOCATION: SWC OF W.D. FITCH PKWY(SH 40)AND BARRON ROAD,
AKA 2937 BARRON ROAD CUT-OFF
COLLEGE STATION, BRAZOS COUNTY, TEXAS 77845
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PREPARED FOR
CITY OF COLLEGE STATION
P. O. BOX 9960
COLLEGE STATION, TEXAS 77842
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DATE OF VALUATION: OCTOBER 5,
2006
DATE OF REPORT: OCTOBER 16, 2006
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PREPARED BY
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J. MIKESKA & COMPANY
JO ANN M. SETTS, MAI
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Q.2O 0'
-.1 '71 ,
HIGHEST AND BEST USE—WHOLE PROPERTY/PROPOSED ACQUISTION B.9
According to Mr. Thomas, he has already been approached by two interested parties whose intent is to
use the tract for retaiVcommerciai. Upon weighing these factors, I contend the highest and best use for the
Whole Property is for future light commercial use with an interim use for single family residential until such
time development is feasible.
Due to its size and shape, the Proposed Acquisition's estimated highest and best use is considered to be
a use in conjunction with the Whole Property. The remainder will experience limited difference after the
acquisition. Thus, its highest and best use is also considered to be for future light commercial use with an
interim single family residential use until development becomes financially feasible.