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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 ?
To a question, they said that during the last three year of the present government, Pakistan Railways has leased out 6496 acres railway land across the country to different departments and private persons to generate extra revenue.
These lands include 4,500 acres in 10 th of Ramadan City, of which 3000 acres are for housing and services use and 1,500 acres are for industrial use.
Chardonnay is far and away the most planted white winegrape, with 94,164 bearing acres and 3,517 nonbearing.
Vickers adds that the Heritage Acres general label is a work in progress.
The Countess of Sutherland has 123,500 acres, and Clan chief Donald Cameron of Locheil has 61,000 acres.
1959), in which individual taxpayers acquired 13 acres of land in 1939.
enterprise provides Home Acres with unparalleled purchasing functionality due to its EDI capability.
Every day, some 28 trucks make the 120-mile trip to Green Acres Farm - a nod to the 1960s television show - at a cost of $7 million a year.
Thirty million acres of forestland have changed hands since 1996, says Michael Goergen, executive vice president of the Society of American Foresters.
NJMC is also purchasing an additional 11 acres of wetlands along Berry's Creek in East Rutherford from Murray Hill Parkway Land Corp.
In the last five years, thanks primarily to improved weed control through herbicide-tolerant soybeans, we have more than doubled the amount of soybean acres in conservation tillage.