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Market Value of School Sites

Information from Smithy Braedon/Oncor

April 26, 1997

As part of the school closing assessments, the real estate firm of Smithy Braedon/Oncor performed value assessments of each of the schools to be closed. Those assessments follow here -- but as a Post story reported, they may not be accurate.

School Name Land Area Bldg. Sq. Ft. Assessed Land Value Assessed Improvements Value Zoning Class Highest Use Value Per Sq. Ft. Market Value
Blow ES 176,126 N/E $3,156,692 $1,600,500 R4 C Community N/A N/A
Douglass JHS 385,597 N/E $1,156,791 $2,481,209 R5A C Community N/A N/A
Evans JHS 364,000 24,000 $2,186,400 $3,363,600 R5A C Office $30 $720,000
Harrison ES 31,720 25,000 $1,586,000 $399,000 R5B B Office / Residential $30 $750,000
Hearst ES 159,995 10,500 $679,979 $837,021 R1B A N/A $180 $1,890,000
Keene ES 68,630 35,000 $514,725 $748,726 R5A B Office $30 $1,050,000
Lewis ES 47,897 45,000 $550,816 $2,207,025 R5B B Office $30 $1,350,000
McGogney 210,748 N/E $842,992 $3,372,008 R5A C Community N/A N/A
McKinley HS 963,919 N/E $9,639,280 $689,665 R4 C Residential / Community N/A N/A
Nalle ES 262,000 N/E $1,179,000 $1,321,000 R5A C Community N/A N/A
Patterson ES 101,281 25,000 $405,124 $2,110,876 R2 B Office $30 $750,000
Petworth 44,175 30,000 $441,750 $1,633,250 R4 B Community $30 $900,000
Richardson 206,201 N/E $1,031,005 $1,508,995 R5A C Community N/A N/A
Stevens ES 30,620 214,340 $23,546,780 $199,220 C3C A Office $100 $21,434,000
Taft JHS 222,565 N/E $1,557,955 $3,894,032 R1B C Community N/A N/A
Woodridge ES 114,694 N/E $688,164 $1,420,463 R1B C Residential N/A N/A

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