An informational series related to the update of the Countywide Plan

The “Value” of Mixed Use Development September 2011

Research Methods Property Appraiser’s Office database Approximately 100 samples of developments/ redevelopments Various types of land use Only structures built after 2005 Only located on mainland

Low/Mid-Rise Suburban Residential Monterey Condominiums, Seminole

Low/Mid-Rise Suburban Residential Captivas at Marina Bay, St. Petersburg

Value by Type of Existing Use (per Acre) Assessed Value: $540,616 Annual Tax Yield: $9,908* * Using unincorporated county tax rate for 2010, before any exemptions

Retail Big Box Wal-Mart Supercenter, St. Petersburg

Value by Type of Existing Use (per Acre) Assessed Value: $707,778 Annual Tax Yield: $12,971

Warehouse/Manufacturing/Office Flagship Community Bank Building, Dunedin

Warehouse/Manufacturing/Office Valpak, St. Petersburg

Value by Type of Existing Use (per Acre) Assessed Value: $721,327 Annual Tax Yield: $13,220

Shopping Centers Shoppes at Park Place, Pinellas Park

Shopping Centers Park Street Retail Center, Seminole

Value by Type of Existing Use (per Acre) Assessed Value: $1,140,985 Annual Tax Yield: $20,910

Single-Family Chautauqua Lake Estates, Clearwater

Single-Family Hawk’s Landing, Pinellas County

Value by Type of Existing Use (per Acre) Assessed Value: $1,210,467 Annual Tax Yield: $22,184

Retail Strip Gulf to Bay Commons, Clearwater

Retail Strip Twin Brooks Commons, St. Petersburg

Value by Type of Existing Use (per Acre) Assessed Value: $1,534,521 Annual Tax Yield: $28,123

Now it’s time to change the scale of the chart…

…and add some new categories

Low/Mid-Rise Urban Residential or Mixed Use 100 Main Street, Safety Harbor

Low/Mid-Rise Urban Residential or Mixed Use 1010 Central, St. Petersburg

Value by Type of Existing Use (per Acre) Assessed Value: $12,959,958 Annual Tax Yield: $237,513

High-Rise Urban Mixed Use Signature Place, St. Petersburg

High-Rise Urban Mixed Use Water’s Edge, Clearwater

Value by Type of Existing Use (per Acre) Assessed Value: $31,914,614 Annual Tax Yield: $584,890

Annual Tax Yield Range (per Acre): $584,890 to $9,908

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