Property Valuation
A NH appraiser estimating the value of a new medical office building would most likely use which appraisal approach as primary?
ASales comparison only
BIncome capitalization as primary, supported by cost approach✓ Correct
CCost approach only
DGross rent multiplier only
Explanation
Medical office buildings are valued primarily using the income approach (based on rental income and cap rates), supported by the cost approach for new construction. Sales comparisons may have limited data for specialized properties.
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