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It may be appropriate for a real estate professional to utilize different approaches for estimating the market value of a property depending upon property type and use. Which of the following approaches would be most applicable when considering the valuation of a small strip retail center (i.e., which approach would receive the most weight in the valuation process)?
A. Sales comparison approach.
B. Income approach.
C. There is no "most applicable" approach.
D. Cost approach.

Respuesta :

sandlee09

Answer:

B. Income approach.

Explanation:

According to my research on real estate appraisals, I can say that based on the information provided within the question the most applicable approach in this situation would be an Income approach. This is an approach that allows you to estimate the value of a piece of property (which in this case would be the small strip retail center) by basing the estimate on the income that the specific property is generating. This is the best approach when dealing with a retail center.

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