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Executive Summary <br />Location: Approximately 400 feet east of the southeast <br />corner of the intersection of Spencer Highway and <br />Underwood Road. <br />Key Map Page: 539W <br />Land Area: 54,000 square feet or 1.24 acres <br />Flood Plain: X (no shading) areas out of the 100-year flood plain <br />Improvements Old tennis courts of no contributory value. <br />Highest and Best Use: Retail <br />Market Value ------------------------------------------------- $2099520 <br />Date of the Appraisal :........................ April 6, 2001 <br />Date of the Report: ........................... April 15, 2001 <br />Appraiser: James McFeron <br />State Certified General Real Estate Appraiser <br />Certificate No. TX-1321741-G <br />