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• <br /> TABLE 3 1 BUILDINGS A, B, AND C <br /> RESIDUAL LAND VALUE <br /> CREEKSIDE PLAZA BUSINESS PARK <br /> CORPORATION YARD SITE <br /> REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO <br /> I. NET OPERATING INCOME 53,178,000 <br /> II. CAPITALIZED VALUE 9% Cap Rate 535,300,000 <br /> III. RESIDUAL VALUE <br /> Capitalized Value 535,300,000 <br /> (Less) Development Costs (527.045 800) <br /> (Less) Imputed Cost of Sale 2% Capitalized Value (5710,000) <br /> (Less) Developer Profit 12% Capitalized Value (54,240,000) <br /> IV. RESIDUAL LAND VALUE 52,504,200 <br /> Rounded 52,500,000 <br /> a9y <br /> Source: Creekside Associates. 5/02/00 Pro Forma <br /> Prepared try Keyser Marston Associates, Inc. <br /> 19096.026\161900 Creekside Plaza GPI As .Residual Land Value; 7/7/2000 3:17 PM me and wcm. <br />