Several techniques can be used to obtain an indication of land value. The cost approach to valuation would most likely be used for which of the following properties?
A) One-family residential property
B) Retail office space
C) Education facility
D) High-rise apartments

Question

Quizplus · Accepted Answer

The cost approach to valuation is most suitable for properties that are not frequently sold or do not generate income through leasing, such as education facilities. This approach estimates the value of a property by determining the cost to replace or reproduce the improvements, minus depreciation, plus the land value.

Several Techniques Can Be Used to Obtain an Indication of Land