Property Valuation
Which of the following properties would typically NOT use the income capitalization approach as the primary appraisal method?
AA 50-unit apartment building
BA owner-occupied primary residence single-family home✓ Correct
CA shopping center
DA large office building
Explanation
An owner-occupied single-family home is not purchased for its income-generating capacity — it is purchased for personal use. The income capitalization approach is not typically the primary method for owner-occupied residences. The sales comparison approach is primary for single-family homes.
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