comparative unit method

comparative unit method

An appraisal technique in which direct and indirect costs are totaled and then divided by an appropriate unit to obtain a cost per unit.

Examples include
• Land compared on a value per square foot
• Land compared on a value per front-foot
• Self-storage facilities compared on a value per unit
• Hotels compared on a value per room

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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