Property Valuation
The term 'as-stabilized value' in a North Dakota appraisal refers to:
AThe value of a property after it achieves its typical occupancy and income levels✓ Correct
BThe original construction cost
CThe property's value during economic downturn
DThe land value without improvements
Explanation
As-stabilized value is the estimated value of a property once it has achieved stabilized occupancy (typical market vacancy/income levels). It is used for properties under development or lease-up that have not yet reached normal operating performance.
Related North Dakota Property Valuation Questions
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