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Acre

A measure of area, especially of land. The area of an acre is not standardized; an American acre is slightly larger than an international acre. It is roughly 4,840 square yards. Historically, an acre is said to be an approximation of the land a single ox could plough in a day. It is often used in real estate transactions.

acre

Historically, the amount of land a yoke of oxen could plow in one day;today,a quantity of land containing 43,560 square feet.An acre can be any shape.Especially in the case of commercial properties,land values are usually expressed in terms of price per square foot rather then price per acre.

Example:  If you know that a 16-acre parcel recently sold for $10,000,000, you calculate the price per foot as follows:

16 acres      43,560 square feet per acre       696,960 square feet

$10,000,000     696,960 feet     $14.35 per square foot

References in periodicals archive ?
In approximately 10 days, Acreage Pharms will begin creating and selecting specific genomes.
In 2014, Michigan had 2,100 acres of vinifera grapes, almost three times higher than the total acreage of resistant cultivars.
The economic reasoning relating climate to growers' acreage decisions is straightforward.
For example, in spite of the implementation of the acreage allotment program, rice stock ranged from a high of 36.
Policymakers are definitely conscious of the impact on tourism if substantial portions of sugar acreage are paved over.
This despite an increase in Washington's Nugget acreage by nearly 500 acres.
Forest land accounts for almost half of the foreign-owned acreage (48 percent), followed by pasture (28 percent), and cropland (17 percent).
NASDAQ: AREX) announced that it has acquired additional acreage in Crockett County, Texas, in the Permian Basin, that further expands the Company's exploration interests targeting the Wolffork oil shale play.
27 April 2017 - Canadian cannabis company Invictus MD Strategies Corp (TSX Venture: IMH) (OTC: IVITF) has acquired 100% of the shares of Canadian cannabis producer Acreage Pharms Ltd.
The PL857 acreage is mapped containing a large dome-like structure with several stacked prospects at Jurassic and Triassic levels with in excess of a billion barrels of oil equivalents in total resource potential.
Acreage Life, published in Saskatoon, Saskatchewan, is a stylish newcomer to Canadian specialty publications.
The recent 2000 California Grape Acreage Report indicates that there are a reported 480,679 bearing and nonbearing wine acres in the state.