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Compar- Sale Sales Price per
able No.1 Location date price Acres sq. ft.
1 Intersection of SW 3/01 $249,000 0.74 $7.72
Handley St. and Pacific
Highway,
Sherwood, Oregon
2 7300 SW Childs Rd., 6/02 $500,000 1.74 $6.60
Tualatin, Oregon
3 3585 NW 215th Ave., 8/99 $485,000 2.83 $3.93
Hillsboro, Oregon
4 SW Borchers Dr., Just 2/00 $900,000 3.39 $6.09
West of Pacific Highway,&
Sherwood, Oregon 11/00
5 Smith Blvd. at 3/99 $210,000 1.03 $4.68
Pacific Highway,
Sherwood, Oregon
6 Edy Rd., Just West of 6/99 $775,404 3.03 $5.87
Pacific Highway,
Sherwood, Oregon
1 Mr. Pio’s comparables 5 and 6 are the same properties as Mr. Kelley’s
comparables 3 and 1, respectively. We note that Mr. Pio reported the sale
date of his comparable 5 as March 1999, while Mr. Kelley reported the sale
date of that property (his comparable 3) as February 1999.
In comparing the properties to Phase 2, Mr. Pio determined:
(1) Comparable 1 was a high indicator of value because it had
superior exposure than Phase 2 and was smaller in size, which
indicated a relatively high value per square foot; (2) comparable
2 was a good to slightly high indicator of value due to its
location in Tualatin; (3) comparable 3 was a low indicator of
value because of inferior zoning and exposure; (4) comparable 4
was a good indicator of value because of similar location and
exposure; (5) comparable 5 was a low indicator of value because,
though it was located on Pacific Highway, it was away from most
of the commercial development; and (6) comparable 6 was a good to
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