Diamonds in the Rough: Creative Valuation Approaches for Difficult Properties

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This article summarizes creative valuation approaches for difficult properties: Value can be hidden below the surface. Oil must be drilled for many miles below the earth’s surface, while diamonds must be mined. Although a property may not instantly reveal the best way to appraise or value it for just compensation purposes, a little digging into how market participants actually determine a property’s utility may provide insight into methods of valuation that are distinct from the standard price per square foot or price per acre units of comparison utilized in “ordinary” cases.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Anthony DellaPelle, McKirdy & Riskin, PA | Attorney Advertising

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