Vision SMTX Appendix Adopted 2024
APPENDIX C: KEY FINDINGS FROM FISCAL IMPACT ANALYSIS
203045-FIM 2-16-23.xlsm
Table 17 Appendix: Property Value Inputs San Marcos Comprehensive Plan Fiscal Impact Analysis
Estimated Value
Description
Factor
Residential
Single Family Attached Multifamily
Per Unit Per Unit Per Unit
$425,000 $400,000 $250,000
Multifamily Calculation Avg Unit Units
1
Size
865
Rent per Sq. Ft.
$1.35
Revenue
Monthly Revenue Annual Income
$1,750 $21,000 $1,050 $6,300 $13,650
12 5%
VCL
Operating Expenses
30%
NOI
Valuation Value
5.50%
$248,182 $248,182 $1,750
Value per Unit Rent Per Month
Commercial Highway Commercial Local Commercial Office/Institutional
Per Square Foot Per Square Foot Per Square Foot
$220 $220 $200 $100
Industrial/Distribution Per Square Foot
Source: Zillow; CoStar; Economic & Planning Systems Z:\Shared\Projects\DEN\203045-San Marcos Comprehensive Plan\Models\[203045-FIM 2-16-23.xlsm]A- Property V
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SAN MARCOS COMPREHENSIVE PLAN 2024
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