Property Valuation
In Washington, the 'income capitalization' approach is most appropriate for which type of property?
AOwner-occupied single-family homes
BIncome-producing properties such as apartment buildings, office buildings, and retail centers✓ Correct
CVacant land with no income
DSpecial-use properties like churches
Explanation
The income capitalization approach is most appropriate and reliable for income-producing properties where the primary motivation for purchase is the income stream. It converts the property's income into an indication of value.
Related Washington Property Valuation Questions
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