Complete a sales comparison approach using the following information and data.

In your adjustment grid on the following page, round all adjustments to the nearest whole percentage $($e$.$g$,$ round $10\mathrm{.}15\%$ to $10\%)$

Include a $+$ or $-$ to indicate the direction of each adjusiment.

Make the market conditions adjustment first and independent of all other adjustments.

At the end, add together the location$/$physical adjustments because they are cumulative $($don$\text{'}$t forget to consider the direction of adjustments$).$

Not all items will require adjustment.

Remember, comparables are adjusted to the subject, so a superior characteristic would be adjusted downward, and an inferior characteristic would be adjusted upward.

Subject property: $198,000$ SF warehouse

Sales A$-$D are all warehouses.

Market conditions adjustment

Market conditions adjustments are applied before all the other adjustments, after which you should calculate a semi$-$adjusted $$/$SF before proceeding with the location$/$physical adjustments.

From the beginning of Q$12021$ until the end of Q$22023,$ market conditions improved $4\%$ per quarter on a straight$-$line basis $($NOT compounding$)$ due to demand for warehouse space for ecommerce. From the end of Q$22023$ until the present $($Q$12024),$ market condicions have declined $3\%$ per quarter on a straight$-$line basis $($NOT compounding$).$

All sales must be adjusted to reflect market conditions as of the beginning of Q$12024.$

Make all adjustments from the beginning of the quarter when the comparable sold to the beginning of Q$12024$

Location adjustment

Brownsburg is considered to be $15\%$ superior to Indianapolis.

Greenwood is considered to be $10\%$ inferior to Brownsburg.

Plainfield is considered to be $25\%$ inferior to Greenwood.

Size adjustment

Buildings in this market require a $2\%$ adjustment per $5,000$ SF of difference $($you can adjust for smaller and larger$/$partial differences$)$: Smaller buildings are considered superior, and larger buildings are considered inferior

Age$/$condition adjustment

An adjustment for age is $1\mathrm{.}75\%$ per year of effective age difference. Older buildings are considered infenor, and newer buildings are considered superior.

Remember the market conditions adjustment is performed pnor to location$/$physical adjustments. Location$/$physical adjustments are added up and can net each other out.

Last, present the indicated values for the subject, based on each comparable's adjusted SISF and the subject building size, in whole dollars, rounded to the nearest $$10,000$

Your answer: SHOW ALL ADJUSTMENTS AS PERCENTAGE WITH $+$ or $-$ TO INDICATE DIRECTIN OF ADJUSTMENT.

$\backslash$table$[[,$Subject,Sale A$,$Sale B$,$Sale C$,$Sale D$],[$Date of sale,$\backslash$table$[[$Date of value:$],[$Q$12024]],$Q$32022,Q42021,$Q$22023,$Q$42022],[$Location$,$Indianapolis,Plainfield,Greenwood,Erownsburg,Indianapolis$],[$Size$,198,000SF,250,500SF,164,000SF,232,000SF,149,000SF$