In the cost approach to value, land value can be estimated by comparing sales of vacant land that are similar to the subject land.

Name: In the cost approach to value, land value can be estimated by comparing sales of vacant land that are similar to the subject land.
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The cost approach involves estimating land value separately, often using comparable sales of similar vacant land, and then adding the cost of constructing a replacement for the building.

In the Cost Approach to Value, Land Value Can Be