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