In the five-acre parcel scenario, the total value for industrial use is what amount?

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Master the Mckissock General Appraiser Sales Comparison Approach Test with comprehensive quizzes and explanations. Enhance your skills in the appraiser profession and pass your exam with confidence!

Multiple Choice

In the five-acre parcel scenario, the total value for industrial use is what amount?

Explanation:
Valuing for a specific use relies on applying the market’s value per unit to the size of the parcel. For industrial use on a five-acre lot, you multiply the industrial value per acre by five. The scenario provides an industrial value of 50,000 per acre, so five acres × 50,000 equals 250,000. That’s the total industrial value. If you see other dollar amounts, they would reflect different per-acre values or a different acreage, not the five-acre industrial calculation shown here.

Valuing for a specific use relies on applying the market’s value per unit to the size of the parcel. For industrial use on a five-acre lot, you multiply the industrial value per acre by five. The scenario provides an industrial value of 50,000 per acre, so five acres × 50,000 equals 250,000. That’s the total industrial value. If you see other dollar amounts, they would reflect different per-acre values or a different acreage, not the five-acre industrial calculation shown here.

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