Property Valuation
In appraising an older industrial building in Connecticut, which approach would an appraiser MOST likely use?
ASales comparison approach only
BIncome approach if the building generates rental income✓ Correct
CCost approach only
DGRM method
Explanation
For income-producing commercial properties, appraisers rely heavily on the income approach. The cost approach may also be used, especially for special-use properties with few comparables.
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