Property Valuation
An appraiser is hired to estimate the value of a Portland industrial property. The most appropriate primary approach would be:
ASales comparison approach only
BIncome capitalization approach, supported by the sales comparison approach✓ Correct
CCost approach only
DGross rent multiplier approach
Explanation
For income-producing commercial/industrial properties, the income capitalization approach is the primary method, as these properties are valued based on their income potential. The sales comparison approach provides additional support where comparable sales exist.
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