Property Valuation (alternative)
An appraiser determining the value of a Maryland bowling alley would MOST likely use which approach?
ASales comparison only
BCost approach primarily
CIncome capitalization approach primarily✓ Correct
DGross rent multiplier (alternative)
Explanation
For special-use commercial properties like bowling alleys (where few comparable sales exist), the income capitalization approach is typically the most applicable valuation method.
Related Maryland Property Valuation (alternative) Questions
- The direct capitalization method used by Maryland appraisers estimates value by:
- When comparing sales in the same Maryland neighborhood, an appraiser should give the most weight to comparables that are:
- The principle of progression in Maryland real estate means:
- A Maryland appraiser who completes a 'desktop' appraisal uses:
- An appraiser in Maryland who is asked to use a specific comparable by the lender should:
- External (economic) obsolescence in a Maryland property appraisal is:
- Reproduction cost in Maryland appraisal is the cost to build:
- A Maryland appraiser who uses three comparable sales with adjusted values of $380,000, $385,000, and $390,000 should reconcile to a value:
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