Property Valuation
Which appraisal approach is MOST appropriate for a special-use property like a school or hospital?
ASales comparison approach
BIncome approach
CCost approach✓ Correct
DGross rent multiplier
Explanation
The cost approach is most appropriate for special-use properties (schools, churches, hospitals) that rarely sell and do not generate rental income. It estimates value based on land value plus depreciated cost of improvements.
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