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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.
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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

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
It sets the stage for Acreage to become the first national cannabis consumer packaged goods company, capable of creating and distributing predictable and scalable proprietary brands, nationally, delivering those capabilities on a contract basis to other cannabis brands, and offering a turnkey cannabis industry solution to traditional non-cannabis CPG companies.
"The company invested $1.4 million in drilling new wells, primarily in the oil-rich Eagle Ford located in South Texas and the SCOOP and STACK plays located in western Oklahoma, and we invested an additional $400,000 to acquire mineral acreage in the core of the STACK play," said Paul F.
The collaboration allows Acreage Pharms to import genetics, seed and starting material.
This reflection is also seen in the evolution of Vitis vinifera and resistant cultivar acreage since 1970.
Our study examines what the consequences would be in terms of buffer zone acreage if the 2013 mitigation proposal or 2015 mitigation measures had been in effect at that time.
To empirically examine the determinants of acreage supply of basmati rice in Pakistan; find own and cross-price elasticity demand of basmati rice; and draw some relevant policy implications based on empirical findings of the study.
Under the amended agreement, Lundin Petroleum is awarded the new Block acreage as a result of the existing Block acreage being declared a protected nature conservation area.
Also, the productivity levels have increased from 308 kg per hectare in 2001-02 to about 500 kg per hectare in 2011-12, while overall acreage increased from 8.73 million hectares to 12.178 million hectares.
International Resource News-October 26, 2012--American Eagle Energy Corporation and JV complete acreage acquisition in Spyglass and West Spyglass Properties(C)1994-2012 ENPublishing - http://www.enpublishing.co.uk
Preventing acreage that is considered "prime" farmland to be enrolled or re-enrolled in the conservation reserve program so it can be used for row-crop production is one of 10 recommendations made in a new study of the program conducted by Strategic Conservation Solutions and released by the National Grain and Feed Association.
The Australian Government has opened up 27 new offshore petroleum exploration areas in 9 basins for bidding on the back of strong demand for new acreage. Minister for Resources and Energy Martin Ferguson told the APPEA 2012 Conference in Adelaide that industry nominations underpinned all but one of areas.
Central Petroleum Limited is an ASX listed junior exploration and production company operating the largest holding of prospective onshore acreage in Australia totalling over 270,000 km2, c.70 million acres.