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adjustment to the fact that the Jess Ranch property, being 5
miles from the freeway, would attract local, rather than
regional, customers. He also stated that the Victorville
property was across the street from the region’s only regional
shopping center. The determination of the amount of this
adjustment is necessarily subjective, but we find that a 20-
percent adjustment sufficiently takes into account the Jess Ranch
property’s distance from the freeway, and the disadvantages that
accompany that location. Therefore, we apply a 20-percent
positive adjustment to the Jess Ranch sale price for
location/exposure.
C. Size
Neither expert made any adjustment for the size of the two
properties. The Victorville property is 92.91 acres, and Jess
Ranch was 106.74 acres. No other comparables examined by either
expert (except the alleged offers on the Victorville property,
which we do not consider as comparables) are nearly as large as
the Jess Ranch property. We conclude that no adjustment is
necessary for size.
D. Topography
Both experts reported that the Jess Ranch property had a 5-
acre flood retention basin, which caused awkward building siting
and poor functional utility on the affected 5 acres. As a
result, Mr. Thompson positively adjusted the Jess Ranch sale
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