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- W588162689 abstract "Details are given of a new problem in air rights valuation (an air tunnel), the steps in the appraisal process are described, and the observation is made that although the usual method of valuing is the residual process, in special circumstances such as this, the hypothetical building process may be required. The first step was a highest and best use study, followed by the development of a design of the structures that could be built upon the two hypothetical air right levels. An income approach to value on the hypothetical alternate buildings was then processed. The market approach was handled in a conventional manner. A direct approach to the value of air rights was made by comparison with sales of other air rights. Situations when air rights have no value apart from surface rights are discussed, as well as situations where locational requirements create the need for a site of some non-commercial structure." @default.
- W588162689 created "2016-06-24" @default.
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- W588162689 date "1975-02-01" @default.
- W588162689 modified "2023-09-23" @default.
- W588162689 title "VALUATION OF AIR RIGHTS" @default.
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