An informational series related to the

update of theCountywide 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: $540,616Annual 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 UrbanResidential or Mixed Use

100 Main Street,Safety Harbor

Low/Mid-Rise UrbanResidential 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 UseSignature Place,

St. Petersburg

High-Rise Urban Mixed UseWater’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

Sarasota

Asheville, North Carolina

Seattle

Pinellas