Property Valuation
A NH appraisal of a mixed-use property (residential apartments + ground floor retail) would most likely use:
AThe sales comparison approach only
BA combination of the income approach (for the rental income streams) and the sales comparison approach✓ Correct
CThe cost approach exclusively
DThe assessed value as the primary indicator
Explanation
Mixed-use properties that generate income are typically appraised using the income capitalization approach, supplemented by the sales comparison approach using comparable mixed-use property sales. The combination of both approaches provides a more complete value indication for complex income-producing properties.
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