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100 Acres,Penrose,CO <br /> SUMMARY OF SALIENT FACTS AND CONCLUSIONS <br /> Location North bank of Arkansas River <br /> South of Penrose, CO <br /> Land Area 100 Acres m/1 total as described in survey provided <br /> Zoning Industrial (Fremont County) <br /> Schedule Number Portion of 984-05-021 <br /> Improvements None included in appraisal <br /> Property Rights Appraised Fee Simple <br /> Highest and Best Use Development to Ag/Residential building site with <br /> or without zoning change <br /> Extraordinary Assumptions/ <br /> & Limiting Conditions The appraisal is performed on an As-Is basis <br /> assuming the parcel to be separated from the <br /> parent parcel substantially as described in survey <br /> information provided to the appraiser. <br /> Value Indication <br /> MARKET VALUE CONCLUSION <br /> Appraisal Premise Interest Appraised Date of Value Value Conclusion <br /> As Is Fee Simple 11-Jul-12 $210,000 <br /> Relevant Dates <br /> Date of Valuation July 11, 2012 <br /> Date of Inspection July 11, 2012 <br /> Date of Report August 9, 2012 <br /> 3 <br /> ©2012 Grantham Appraisal Service <br /> All Rights Reserved <br />