Property Valuation
What is 'assemblage' and 'plottage' in real estate valuation?
AAssemblage is dividing a large parcel; plottage is the resulting value increase per acre
BAssemblage is the combining of two or more adjacent parcels into a single larger parcel; plottage is the increase in value that results from the assembled parcel being worth more than the sum of the individual parcels✓ Correct
CAssemblage is the process of collecting comparable sales data; plottage is the adjustment applied to comparables
DBoth terms refer exclusively to agricultural land valuation in Nevada
Explanation
Assemblage combines adjacent parcels; plottage is the premium value created. For example, two adjacent 5,000 sq ft Las Vegas lots might each be worth $200,000 individually, but assembled into a 10,000 sq ft parcel suitable for a larger development, they might be worth $500,000 combined — a plottage value of $100,000. Nevada developers use assemblage strategies in areas where larger parcels unlock more valuable development rights.
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