Property Valuation
In NJ, the term 'as-stabilized' value in an income property appraisal means the value:
AAt the current date regardless of occupancy
BAfter the property reaches stabilized occupancy (typical market occupancy for that property type and market)✓ Correct
CAfter all deferred maintenance is completed
DAfter three years of ownership
Explanation
An 'as-stabilized' value assumes the property has reached typical market occupancy (e.g., 93–95% for a market-rate NJ apartment building), reflecting a fully operational income stream rather than current lease-up conditions.
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