XSite Report

XSite Report
By: XSite Validation LLC
Industry Type:
Self Storage
Property address:
32255 Northwestern Highway
Suite 280
Farmington Hills, MI 48334
This report is customized for:

John Smith
February 3, 2008
Page 1 of 31 http://www.xsitevalidation.com
32255 Northwestern Highway | Suite 280 | Farmington Hills, MI 48334 | Tel: 248.741.4000 | Fax: 248.741.4021
The material contained herein is for conceptual purposes, remains subject to change, and is
intended for the sole usage of XSite LLC; distribution, resale, or reprint is strictly prohibited and may be subject to legal penalty.
The process generated to produce an XSite score is patent pending.
TABLE OF CONTENTS
I. Overview
II. Executive Summary
III. Market Profile
IV. Maps
 Site
 Satellite/Aerial
V. Reports
 Demographic
 Traffic
 Competition
 Leakage / Surplus
 Building Permits
 Real Estate Comparables
 Environmental Analysis
VI. XSite Report Index (XRI) – The Score
VII. Data Sources
VIII. Legal Disclaimer
I. OVERVIEW
XSite Validation (“XSite”) is a website application designed to analyze and validate property. It is a
completely automated tool, accessible via the internet, from any corner of the globe, and is the
product of its management team’s thirty five (35) years of expertise in the real estate and technology
industries.
Its primary purpose is to assist bankers, developers, investors and real estate professionals obtain
information on parcels of land and existing projects that, typically, is difficult and expensive to attain.
The report will synthesize multiple sources of data into one easy to obtain report that is produced
and delivered in only minutes over the internet.
The XSite Report includes a scoring model (and its process is patent pending), which is referred to
as the XSite Report Index (XRI). The XRI is a scoring application, designed to attach an objective
score to a parcel of property. Specific data (as identified below) shall be aggregated and indexed to
provide an instant assessment of a specified location. The assessment, or score, is weighted by
variables that pertain to the specific industry type or suggested intended use of the site.
A weighted score is necessary to eliminate the inherent biases found when reviewing property, and,
thereby, allows bankers, developers, investors, and other real estate professionals an opportunity to
utilize objectivity when ascertaining the potential viability of a subject parcel of property.
There are ten (10) categories which contribute to the XRI, and they are identified as follows:
 Population Growth
 Traffic Counts
 Median Income
 Average Income
 Consumer Expenditure By Intended Use
 Market Potential
 Building Permit Activity
 Household Growth
 Average Home Value
 Competitive Locations
II. EXECUTIVE SUMMARY
2007 Population
Total Population 170,728
Male Population 48.0%
Female Population 52.0%
Median Age 42.9
2007 Income
Median HH Income $92,137
Per Capita Income $54,232
Average HH Income $131,865
2007 Households
Total Households 70,167
Average Household Size 2.41
1990-2000 Annual Rate 1.19%
2007 Housing
Owner Occupied Housing Units 66.9%
Renter Occupied Housing Units 27.3%
Vacant Housing Units 5.8%
Population
1990 Population 154,019
1990-2000 Annual Rate 0.88%
2000-2007 Annual Rate 0.24%
2007-2012 Annual Rate 0.18%
In the identified market area, the current year population is 170,728. In 2000, the Census count
in the market area was 168,190. The rate of change since 2000 was 0.24 percent annually. The
five-year projection for the population in the market area is 172,286, representing a
change of 0.18 percent annually from 2007 to 2012. Currently, the population is 48.0 percent
male and 52.0 percent female.
II. EXECUTIVE SUMMARY (continued)
Households
1990 Households 60,353
1990-2000 Annual Rate 1.19%
2000-2007 Annual Rate 0.52%
2007-2012 Annual Rate 0.33%
The household count in this market area has changed from 67,935 in 2000
to 70,167 in the current year, a change of 0.52 percent annually.
The five-year projection of households is 71,337, a change of 0.33 percent
annually from the current year total. Average household size is
currently 2.41, compared to 2.45 in the year 2000. The number of families
in the current year is 46,038 in the market area.
Housing
Currently, 66.9 percent of the 74,455 housing units in the market area are
owner occupied; 27.3 percent, renter occupied; and 5.8 percent are
vacant. In 2000, there were 71,008 housing units— 67.8 percent owner
occupied, 27.9 percent renter occupied and 4.3 percent vacant. The
rate of change in housing units since 2000 is 0.66 percent. Median home
value in the market area is $319,196, compared to a median home
value of $192,285 for the U.S. In five years, median home value is
projected to change by 1.92 percent annually to $350,990. From 2000 to
the current year, median home value changed by 3.52 percent annually.
Median Household Income

1990 Median HH Income $60,446
1990-2000 Annual Rate 2.29%
2000-2007 Annual Rate 3.18%
2007-2012 Annual Rate 2.99%
Per Capita Income

1990 Per Capita Income $32,275
1990-2000 Annual Rate 2.99%
2000-2007 Annual Rate 3.66%
2007-2012 Annual Rate 4.1%
Average Household Income

1990 Average Household Income $82,351
2000 Average Household Income $106,732
2007 Average HH Income $131,865
2012 Average HH Income $160,030
1990-2000 Annual Rate 2.63%
2000-2007 Annual Rate 3.44%
2007-2012 Annual Rate 3.95%
Households by Income
Current median household income is $92,137 in the market area, compared to $53,154 for all
U.S. households. Median household income is projected to be $106,753 in five years. In 2000,
median household income was $75,774, compared to $60,446 in 1990.
Current average household income is $131,865 in this market area, compared to $73,126 for all
U.S. households. Average household income is projected to be $160,030 in five years. In 2000,
average household income was $106,732, compared to $82,351 in 1990.
Current per capita income is $54,232 in the market area, compared to the U.S. per capita
income of $27,916. The per capita income is projected to be $66,304 in five years. In 2000, the
per capita income was $43,324, compared to $32,275 in 1990.
Population by Employment
Currently, 93.9 percent of the civilian labor force in the identified market area is employed and
6.1 percent are unemployed. In comparison, 93.4 percent of the U.S. civilian labor force is
employed, and 6.6 percent are unemployed. In five years the rate of employment in the market
area will be 93.9 percent of the civilian labor force, and unemployment will be 6.1 percent. The
percentage of the U.S. civilian labor force that will be employed in five years is 93.9 percent, and
6.1 percent will be unemployed. In 2000, 64.5 percent of the population aged 16 years or
older in the market area participated in the labor force, and 0.0 percent were in the Armed
Forces.
In the current year, the occupational distribution of the employed population is:
83.8 percent in white collar jobs (compared to 60.2 percent of U.S. employment) ·
8.0 percent in service jobs (compared to 16.5 percent of U.S. employment) ·
8.2 percent in blue collar jobs (compared to 23.3 percent of U.S. employment) ·
In 2000, 88.7 percent of the market area population drove alone to work, and 3.6 percent
worked at home. The average travel time to work in 2000 was 26.0 minutes in the market area,
compared to the U.S. average of 25.5 minutes.
Population by Education
In 2000, the educational attainment of the population aged 25 years or older in the market area
was distributed as follows:
7.5 percent had not earned a high school diploma (19.6 percent in the U.S.) ·
14.4 percent were high school graduates only (28.6 percent in the U.S.) ·
5.4 percent had completed an Associate degree (6.3 percent in the U.S.) ·
28.8 percent had a Bachelor’s degree (15.5 percent in the U.S.) ·
25.3 percent had earned a Master’s/Professional/Doctorate Degree (8.9 percent in the U.S.)
III. MARKET SUMMARY
III. MARKET SUMMARY (continued)
IV. MAPS
Site
IV. MAPS (continued)
Aerial Map
V. REPORTS
Demographics
V. REPORTS (continued)
Demographics
Traffic
Traffic Map
Competition
Date: 01/25/08 Lat: 42.523067 Long: -83.347733

Current Geography Selection: 5 mile City: Farmington Hills Pop: 82,213
radius: 32255 NORTHWESTERN HWY, Zip: 48334 Pop: 17,309
FARMINGTN HLS, MI 48334
Current Index Base: Entire US
* Distance and direction from the radius/drive time center point.
Leakage / Surplus
Latitude: 32.9696
Summary
Demographics Longitude: -80.137
Radius: 5.0 miles
2007 Population 109,384 Site type: Retail Market Place Profile
2007 Median $45,316

Disposable
Income
2007 Per Capita $25,121
Income
Industry Demand Supply Retail Leakage/Su Number

Summary (Retail (Retail Gap rplus of
Potential) Sales) (Demand Factor Business
Total Retail Trade $1,081,770 $1,151,403 - -3.1 716
and Food & Drink ,862 ,456 $69,632,5
(NAICS 44-45, 94
Total Retail Trade $943,347,9 $1,048,372 - -5.3 524
(NAICS 44-45) 37 ,152 $105,024,
Total Food & Drink $138,422,9 $103,031,3 $35,391,6 14.7 192
(NAICS 722) 25 04 21
Industry Group Demand Supply Retail Leakage/Su Number

(Retail (Retail Gap rplus of
Potential) Sales) (Demand Factor Business
- Supply) es
Motor Vehicle & $264,002,3 $346,732,0 - -13.5 77
Parts Dealers 07 66 $82,729,7
Leakage / Surplus (continued)
Self Storage
Data Note:
Supply (retail sales) estimates sales to consumers by establishments. Sales to businesses are
excluded. Demand (retail potential) estimates the expected amount spent by consumers at retail
establishments. Supply and demand estimates are in current dollars. The Leakage/Surplus factor
presents a snapshot of retail opportunity. This is a measure of the relationship between supply and
demand that ranges from +100 (total leakage) to -100 (total surplus). A positive value represents
‘leakage’ of retail opportunity outside the trade area. A negative value represents a surplus of retail
sales, a market where customers are drawn in from outside the trade area. The Retail Gap
represents the difference between Retail Potential and Retail Sales. ESRI uses the North American
Industry Classification System (NAICS) to classify businesses by their primary type of economic
activity. Retail establishments are classified into 27 industry groups in the Retail Trade sector, as
well as four industry groups within the Food Services & Drinking Establishments subsector.
Building Permits
Closest Reporting Geography
Single Two Attach Multi Total Total Net
Year Famil Famil Condo Family Units Demos Total
Total for 1987 384 0 0 384 0 384 955
Total for 1988 442 32 32 442 32 442 1428
Total for 1989 389 16 16 389 16 389 901
Total for 1990 261 0 0 261 0 261 494
Total for 1991 195 0 0 195 0 195 299
Total for 1992 291 0 0 291 0 291 383
Total for 1993 249 0 0 249 0 249 256
Total for 1994 253 2 2 253 2 253 545
Total for 1995 248 0 0 248 0 248 420
Total for 1996 282 0 0 282 0 282 320
Total for 1997 195 0 0 195 0 195 436
Total for 1998 183 4 4 183 4 183 313
Total for 1999 138 4 4 138 4 138 184
Total for 2000 124 0 0 124 0 124 156
Total for 2001 113 0 0 113 0 113 72
Total for 2002 52 24 24 52 24 52 43
Total for 2003 85 6 6 85 6 85 83
Total for 2004 79 2 2 79 2 79 151
Total for 2005 94 2 2 94 2 94 78
Total for 2006 26 0 0 26 0 26 4
Total for 2007 24 0 0 24 0 24 -2
1987 to 2007 4107 92 226 3501 7926 407 7519
totals
Real Estate Comparables
Environmental Report
VI. XSITE REPORT INDEX (XRI)
The XSite Report XRI is a synthesis of data. The data is aggregated and indexed to provide an instant
assessment of a location. The assessment, or score, is weighted by the variables that pertain to the specific
industry type or suggested intended use of the site. The Site <SiteName><Address> has been graded “B+,”
which suggests that this property is <high> value for <> intended use and can be recommended for loan
disbursement.
VII. DATA SOURCES
Leakage & Surplus: ESRI ArcWebServices Business Analyst Online

Traffic Counts: ESRI ArcWebServices Analyst Online, Datametrix
Demographic Data: ESRI ArcGIS Server Analyst
Building Permits: US Census, Manufacturing Mining & Statistics
Competition: InfoUSA®
XSite Validation LLC is currently negotiating to use data provided by Costar for the comparable reports and data
provided by EDR for the environmental reports. At this time, no agreement has been reached and XSite will use other
sources for both reports in the event a final agreement is not reached.
VIII. LEGAL DISCLAIMER
The ideas, concepts, and information contained in this document, and the manner in
which this information is presented, are proprietary trade secrets owned by XSite
Validation, and may not be used, disclosed, reproduced, or duplicated, in whole or in
part, without the prior written approval of XSite Validation. Any unauthorized use,
disclosure, reproduction, or duplication is expressly prohibited by law. The reading of
this document constitutes an agreement with the foregoing statement and an
agreement and understanding to be bound by all terms and conditions of this
document.
WARNING! The exclusive rights to reproduce, distribute, or prepare derivative works of

this document are protected under the federal copyrights laws, Title 17 of U.S. Code.
Under the copyright laws, unauthorized users may be subject to civil liability including
an injunction, actual damages, infringers benefits, and statutory damages of up to
$100,000 per work infringed, and criminal penalties including a fine of up to $25,000
and/or up to one years imprisonment.
The data and other information contained within this document are the sole and
exclusive property of XSite Validation and consists of copyrighted materials of XSite
Validation or third parties having licensed XSite Validation to use such data, and may
not be reproduced, decompiled, or redistributed in any manner without the prior
written consent of XSite Validation.
XSite Validation LLC, Privacy Assured

32255 Northwestern Highway
Suite 280
Farmington Hills, MI 48334
248-741-4000 Phone
248-741-4021 Fax
CONTACT US
We welcome your correspondence:
• By Email: ltrepeck@xsitevalidation.com
• By Phone: 248-741-4000

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By: XSite Validation LLC

This report is customized for:

Median Household Income

Per Capita Income

Average Household Income

Date: 01/25/08 Lat: 42.523067 Long: -83.347733

* Distance and direction from the radius/drive time center point.

2007 Households 39,796

2007 Median $45,316

Industry Demand Supply Retail Leakage/Su Number

Industry Group Demand Supply Retail Leakage/Su Number

Leakage / Surplus (continued)

Real Estate Comparables

Leakage & Surplus: ESRI ArcWebServices Business Analyst Online

WARNING! The exclusive rights to reproduce, distribute, or prepare derivative works of

XSite Validation LLC, Privacy Assured

We welcome your correspondence:

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