HOME TRUST NATION PROPERTY INSPECTION AND MARKET ANALYSIS LOAN #: N/A PROPERTY ADDRESS: 8400 SE BRIDGE RD PARCEL #: 343842030051012157 CITY, STATE, ZIP: HOBE SOUND, FL 33455 CURRENT MARKET CONDITION: DEPRESSED SLOW STABLE IMPROVING EXCELLENT EMPLOYMENT CONDITIONS: DECLINING STABLE IMPROVING DECREASED % IN THE PAST MONTHS MARKET PRICE OF THIS TYPE OF INCREASED 5% IN THE PAST 6 MONTHS PROPERTY HAS: REMAINED STABLE AMOUNT OF COMPARABLES: NORMAL SUPPLY OVER SUPPLY SHORTAGE DOMINANT PROPERTY USE: INDUSTRIAL MULTI-FAMILY RETAIL OFFICE LAND ONLY NEIGHBORHOOD TYPE: URBAN SUBURBAN RURAL AREA CAP RATES: 8% AREA VACANCY RATES: 10% 2. SUBJECT MARKETABILITY FOR THIS AREA, THE SUBJECT IS AN: OVER IMPROVEMENT UNDER IMPROVEMENT APPROPRIATE IMPROVEMENT NORMAL MARKETING TIME IN THE AREA IS: 6 MONTHS MARKETABILITY OF SUBJECT PROPERTY IS: EXCELLENT GOOD FAIR POOR 3. COMPARABLE LISTINGS ITEM SUBJECT COMPARABLE #1 COMPARABLE #2 COMPARABLE #3 STREET ADDRESS 8400 SE BRIDGE RD 0 SE LARES AVE 8815 SE FEDERAL HWY 0 SE DIXIE HWY CITY, STATE HOBE SOUND FL HOBE SOUND FL HOBE SOUND FL HOBE SOUND FL PROPERTY TYPE VACANT COMMERCIAL VACANT COMMERCIAL VACANT COMMERCIAL VACANT COMMERCIAL PROXIMITY TO SUBJECT 0 0.81 0.61 2.49 LIST PRICE $ N/A $169000 $199500 $115000 $/UNIT (MULTI-FAM ONLY) $0 $0 $0 $0 NNN OR GROSS GROSS GROSS GROSS GROSS DATA SOURCE MLS MLS MLS MLS BUILDING SIZE 0 SQ.FT. 0 SQ.FT. 0 SQ.FT. 0 SQ.FT. AVAILABLE SPACE 0 SQ.FT. 0 SQ.FT. 0 SQ.FT. 0 SQ.FT. TOTAL OCCUPANCY PER SF 0% OF BLDG. 0% OF BLDG. 0% OF BLDG. 0% OF BLDG. LOT SIZE 2500 30509 40088 5000 QUALITY OF CONSTRUCTION POOR POOR POOR POOR AGE 0 0 0 0 CONDITION POOR POOR POOR POOR PARKING NONE NONE NONE STREET #BLDGS/#UNITS 1/1 0/0 0/0 0/0 4. COMPARABLE CLOSED SALES ITEM SUBJECT COMPARABLE #1 COMPARABLE #2 COMPARABLE #3 STREET ADDRESS 8400 SE BRIDGE RD 0 SE LARES AVE 0 NE DIXIE HWY 2475 NE DIXIE HWY CITY, STATE HOBE SOUND FL HOBE SOUND FL JENSEN BEACH FL JENSEN BEACH FL PROPERTY TYPE VACANT COMMERCIAL VACANT COMMERCIAL VACANT COMMERCIAL VACANT COMMERCIAL PROXIMITY TO SUBJECT 0 0.79 15.98 16.6 LIST PRICE $ N/A $150000 $215000 $50000 SALES PRICE $ N/A $115000 $180000 $20500 SALES PRICE/SF $ N/A $4 $4 $2 $/UNIT (MULTI-FAM ONLY) $0 $0 $0 $0 DATA SOURCE MLS MLS MLS MLS DATE OF SALE N/A 03/202015 12/23/2015 03/19/2015 BUILDING SIZE 0 SQ.FT. 0 SQ.FT. 0 SQ.FT. 0 SQ.FT. LOT SIZE 2500 30500 43560 9365 QUALITY OF CONSTRUCTION POOR POOR POOR POOR AGE 0 0 0 0 CONDITION POOR POOR POOR POOR PARKING NONE STREET NONE STREET #BLDGS/#UNITS 1/1 0/0 0/0 0/0 5. HOW WOULD YOU MARKET THIS PROPERTY? TARGET BUYER OWNER OCCUPANT INVESTOR PLANNED MARKETING ACTION IN ADDITION TO CLEANING, REPAIRING, ZONING CHANGES, SIGNAGE, ETC: THE TOTAL LOT SIZE OF THE PROPERTY THAT IS ENCUMBERED BY AN EXISTING MORTGAGE IS ONLY 5000 SQ. FT. THIS IS FOR LOT 1215 AND LOT 1216. I DO NOT BELIEVE THAT THE LOTS CAN BE SOLD SEPARATELY. DIMENSIONS ARE 25 X 1000 FOR EACH LOT. THE LOT THAT I AM ASKED TO EVALUATE HAS AN EXISTING BUILDING THAT HAS BEEN VACANT FOR MORE THAN 10 YEARS. THE WINDOWS ARE BROKEN OUT AND THE BUILDING IS UNPAINTED. IT APPEARS THAT SOME REMODELING HAS BEEN GOING ON INSIDE THE BUILDING. THE EXISTING BUILDING APPEARS TO BE STUCCO OVER CONCRETE. THERE IS NO PARKING FOR A POTENTIAL BUSINESS AND NO ACCESS TO THE ADJOINING LOT. THERE IS NO STREET PARKING AVAILABLE. THERE ARE NO COMMERCIAL BUSINESSES IN THIS BLOCK AND NO PLANNED DEVELOPMENT. THE BLOCK BACKS TO A RESIDENTIAL STREET AND THIS PROPERTY MAY BE A BETTER MARKETED AS A RESIDENTIAL PROPERTY INSTEAD OF A COMMERCIAL PROPERTY. I HAVE GIVEN A APPROXIMATE VALUE FOR THE EXISTING STRUCTURE OF $25000. RECOMMENDED REPAIRS AND ESTIMATED COST: $0 1000 $0 3000 6. MARKET VALUE (SHOULD FALL WITHIN OR CLOSE TO THE RANGE OF SALE PRICES/SF INDICATED ABOVE) SUGGESTED LIST PRICE MARKET VALUE MONTHS NEEDED TO MARKET SUBJECT PROPERTY 2/5
AS IS: $32000 $35000 AFTER REPAIRS: $38000 $42000 AT 100% OF VALUE: 6 AT 75% OF VALUE: 4 AT 50% OF VALUE: 3 7. GENERAL COMMENTS/CONCERNS THE EXISTING BUILDING MAY BE AN ENCROACHMENT ON THE LOT TO THE EAST. THE BUILDING APPEARS TO BE BUILT RIGHT ON THE PROPERTY LINE ON BOTH SIDES. REPORT PREPARED BY: MYRA BEAMS SERVICE PROVIDED BY DATE:07/15/2016 HOME TRUST NATION 3/5
COMPARABLE LISTINGS AND SALES SALE COMP. 1 LISTING COMP. 1 SALE COMP. 2 LISTING COMP. 2 SALE COMP. 3 LISTING COMP. 3 4/5
SUBJECT PHOTOS DIRECT FRONT RIGHT ANGLE LEFT ANGLE STREET SCENE STREET SIGN ADDITIONAL PHOTO ADDITIONAL PHOTO 5/5
Business Opportunity 07/13/2016 9105 SE Bridge Rd MLS#: 10069364 RP: List Price: $ 300,000 Sub: Status: Sold City: Hobe Sound Zip Code: 33455 Map: County: MARTIN Area: 14 - Hob Broker: RML303151 Legal: 0 Year Built: 1950 Lot Size +/-: Present Loans: Zoning: B-1 Directions: US HIGHWAY 1 TO BRIDGE ROAD EAST. NORTH SIDE OF BRIDGE BEFORE SECOND LIGHT. Type: Bus Desc: Ret Bldg SqFt: Const Type: Frame Waterfront: Seat Cap: Roof Type: FR Frontage: Sole Propietor: Partnership: RE Included: Corporation: Nat'l Affiliation: Sprinkler: Remarks: A/C Type: CEILING Heat Type: HT PUMP- Water Type: PUBLIC WAT Sewer: SEPTIC Volts: 110/220 Amps: 101-200 Phase: Three Gas: Total Value: Land Value: Imprv Value: Ownr Finance: Min Down: RE Tax/Yr: $ 1 / 2014 Myra W. Beams, PA 772-324-5445 x 101 772-919-5171 myrabeams@bellsouth.net Coastal Living Realty 9044 SE Bridge Rd Hobe Sound FL 33455-3455 Office Phone: 772-324-5445 Office Fax Phone: 772-925-9002 Copyright (c) 2012. Information herein may not be accurate. Persons relying on above information are advised to personally verify said information before relying upon same. COM-BUS Client Synopsis View 2:25 PM
Business Opportunity 07/13/2016 0 SE Bridge RD MLS#: 384436 RP: No List Price: $ 555,000 Sub: METES & BOUNDS-CAL LISTING OFFICE Status: Active City: Hobe Sound Zip Code: 34990 Map: County: MARTIN Area: 5020 Broker: 024 Legal: BEG 97.81' S OF NW SEC COR S & SELY ALG E R/W OF TURNPIKE 6174.53', N Year Built: Lot Size +/-: 37 Acres Present Loans: Zoning: PUD-C Directions: Type: Bus Desc: Bldg SqFt: Const Type: Waterfront: None Seat Cap: Roof Type: Frontage: Sole Propietor: Partnership: RE Included: Corporation: Nat'l Affiliation: Sprinkler: Remarks: 37+/- Acre Development Site between Two Major Highways- I-95 and Ronald Reagan Turnpike. Frontage- 263.36+/- feet on SE Bridge Road and 4,766.11 feet fronting Ronald Reagan Turnpike. The North 7.98 Acres is Zoned PUD-C (PUD-Commercial)and the South 29.2, Acres is Zoned AG- 20A (1 dwelling unit/20 acres). This site is conveniently located 40 miles North of Palm Beach International Airport, 6.13 miles west of SE Federal Hwy (U.S. #1) and 7.45 miles west of Hobe Sound Beach. Includes Property ID #03-40-41-, 000-000-00030-8. A/C Type: Heat Type: Water Type: Sewer: Volts: Amps: Phase: Gas: Total Value: Land Value: Imprv Value: Ownr Finance: Min Down: RE Tax/Yr: $ 153 / 2015 Myra W. Beams, PA 772-324-5445 x 101 772-919-5171 myrabeams@bellsouth.net Coastal Living Realty 9044 SE Bridge Rd Hobe Sound FL 33455-3455 Office Phone: 772-324-5445 Office Fax Phone: 772-925-9002 Copyright (c) 2012. Information herein may not be accurate. Persons relying on above information are advised to personally verify said information before relying upon same. COM-BUS Client Synopsis View 2:25 PM
Business Opportunity 07/13/2016 8456 SE Bridge RD MLS#: 371309 RP: No List Price: $ 189,900 Sub: OLYMPIA 03 & 04 Status: Sold City: Hobe Sound Zip Code: 33455 Map: County: MARTIN Area: 5020 Broker: 124 Legal: OLYMPIA PLAT 3 LOTS 1200, 1201, 1202, 1203, 1204 & 1205 BLK 51 Year Built: Present Loans: Lot Size +/-: 150x100 Zoning: Directions: US #1 to Bridge Road, West to corner SE Florida Avenue Type: Bus Desc: Bldg SqFt: Const Type: Waterfront: None Seat Cap: Roof Type: Frontage: 150.00 Sole Propietor: Partnership: RE Included: Corporation: Nat'l Affiliation: Sprinkler: Remarks: Southwest Corner Bridge Road and Florida Avenue 150ft frontage on Bridge. Survey available A/C Type: Heat Type: Water Type: Sewer: Volts: Amps: Phase: Gas: Total Value: Land Value: Imprv Value: Ownr Finance: Min Down: RE Tax/Yr: $ 2,519 / 2012 Myra W. Beams, PA 772-324-5445 x 101 772-919-5171 myrabeams@bellsouth.net Coastal Living Realty 9044 SE Bridge Rd Hobe Sound FL 33455-3455 Office Phone: 772-324-5445 Office Fax Phone: 772-925-9002 Copyright (c) 2012. Information herein may not be accurate. Persons relying on above information are advised to personally verify said information before relying upon same. COM-BUS Client Synopsis View 2:25 PM
Business Opportunity 07/13/2016 8400 SE BRIDGE ROAD Rd No Photo Available MLS#: 2532333 RP: 0 List Price: $ 219,000 Sub: Status: Sold City: Hobe Sound Zip Code: 33455 Map: County: MARTIN Area: 14 Broker: RML303458 Legal: Year Built: 1961 Lot Size +/-: Present Loans: Zoning: COMMERCI Directions: US 1 TO BRIDGE ROAD - WEST APPROX. 3/4 MILE. PROPERTY ON SOUTH SIDE. Type: Bus Desc: Bldg SqFt: 540 Const Type: CS Waterfront: None Seat Cap: 0 Roof Type: CS Frontage: Sole Propietor: Partnership: RE Included: Corporation: Nat'l Affiliation: Sprinkler: Remarks: UNIQUE COMMERCIAL OPPORTUNITY WITH EXISTING CBS BUILDING. GREAT LOCATION, LOTS OF POTENTIAL. CLOSE TO US1, PUBLIC SHOPPING PLAZA. BOTH LOTS (SIDE BY SIDE) ARE BEING SOLD TOGETHER FOR ONE PRICE. SOLD "AS IS" A/C Type: NONE Heat Type: NO HEAT Water Type: Sewer: Volts: Amps: Phase: Gas: Total Value: Land Value: Imprv Value: Ownr Finance: Min Down: RE Tax/Yr: $ 705 / 2004 Myra W. Beams, PA 772-324-5445 x 101 772-919-5171 myrabeams@bellsouth.net Coastal Living Realty 9044 SE Bridge Rd Hobe Sound FL 33455-3455 Office Phone: 772-324-5445 Office Fax Phone: 772-925-9002 Copyright (c) 2012. Information herein may not be accurate. Persons relying on above information are advised to personally verify said information before relying upon same. COM-BUS Client Synopsis View 2:25 PM