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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 ?
488 acres Railway land has been retrieved with the assistance of Railway Police and District Administration since 01-2-2012 till 31-8-2017.
More than half the nation's 68 million acres of private industrial timberland has changed hands since 1995, says Tom Tuchmann of US Forest Capital, LLC.
Other consumer groups in Missouri are becoming interested in Heritage Acres pork as the product continues to be marketed throughout the state.
The National Trust for Scotland has 60,000 acres, the Royal Society for the Protection of Birds owns 46,000 acres, the John Muir Trust has 38,000 acres and the Scottish Wildlife Trust owns 15,000 acres.
Oilfield worker Ray Davis, 57, recalls stopping for ice cream at the gas station across the street from Green Acres Farm.
In Brooks Township, Michigan, it was the pending sale of 320 acres owned by a Grand Rapids builder that spurred creation of a community forest.
Nebraska is among the leading states, with 76 percent of acres planted in herbicide-tolerant varieties, according to the USDA.
The fire sale included 911,000 acres owned by South Africa Pulp and Paper (SAPPI) Ltd.
The leaders in table grapes are Tulare and Kern counties with 22,930 acres and 22,965, respectively.
We now have 520,000 net acres of shale gas plays and 400,000 net acres of coal bed methane plays.
MULTAN -- Director General, National Accountability Bureau (NAB), Multan, has taken cognizance of over 15,000 acres of land under illegal occupation of land-grabbers in South Punjab and sought a detailed report from the Irrigation Department in this regard.
20) 236 acres Custom 1st Corn application of items 4 7