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It may be appropriate for a real estate professional to utilize different approaches for estimating the...

It may be appropriate for a real estate professional to utilize different approaches for estimating the market value of a property depending upon property type and use. Which of the following approaches would be most applicable when considering the valuation of a small strip retail center (i.e., which approach would receive the most weight in the valuation process)?

A. Sales comparison approach

B. Income approach

C. There is no “most applicable” approach

D. Cost approach

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Answer #1

Ans B. Income approach

It may be appropriate for a real estate professional to utilize different approaches for estimating the market value of a property depending upon property type and use. Income approach would be most applicable when considering the valuation of a small strip retail center.

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