Property Valuation
In Ohio, which type of property would MOST likely be appraised using the 'land residual technique'?
AA single-family home in a suburban subdivision
BProposed new commercial development on vacant land to determine the land's value✓ Correct
CAn existing apartment building in Cincinnati
DA residential lot in an established neighborhood
Explanation
The land residual technique is used when the land value is unknown but the improvement value and overall property value can be estimated. It is used in development feasibility analysis to determine the residual value of land.
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