net usable acre/net usable feet

net usable acre/net usable feet

The portion of a property that is usable for ordinary purposes.If 5 acres of land slopes downward dramatically into a ravine, the listing agent might say the price is $12 per square foot,but $20 per net usable foot.

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