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5.213 Income Approach <br /> In Income valuation, the value opinion is based on potential income or expectation of future benefits, the <br /> economic principle of anticipation. <br /> The subject is a vacant site that has no income potential 'as is'. Therefore, the income approach is not <br /> applicable and not included in the valuation. <br /> 5.214 Reconciliation of Value Indications: <br /> The following has been determined <br /> Valuation Approach Conclusion <br /> Cost n/a <br /> Sales Comparison (Land Value by Comparison) $175,300 <br /> Income n/a <br /> The sales comparison approach is the best indicator of the subject's value and is the market value opinion. <br /> Market Value Conclusion: $175,300 <br /> — <br /> °t. `A t- <br /> �Jhf...+off,,.,—.+l<r,K••' \—J <br /> l <br /> James M. Owens, MAI Date Signed: March 17, 2017 <br /> NC Certified General Appraiser A1357 <br /> R-2248E 001 AtQsTiment number 2\n <br /> G-6 Page 283 <br />