Suppose you have a subject property with a 107,000 sqft lot and existing improvements for which you estimate the reproduction cost new to be $3,250,000, physical deterioration to be $300,000, functional obsolescence to be $20,000 and external obsolescence to be $70,000. If you have information on a comparable lot of 120,000 sqft. Which recently sold for $375,000 and the only adjustment is $1.50 per sqft for the difference in lot size, what is the indicated total value for the subject property?