You have an assignment to appraise a dairy heifer feedlot and discovered one recent sale that is highly comparable to your subject property. The unit of comparison for these types of facilities has consistently been based on the total linear feet (LF) of feeding space available. The property is 50 acres and sold for $1,400,000 and contained sixteen pens that each included 120 linear feet of feeding space and measured 120' by 200' Based on this information, what is the sales price per unit of comparison identified by the market?

You have an assignment to appraise a dairy heifer feedlot and discovered one recent sale that is highly comparable to your subject property. The unit of comparison for these types of facilities has consistently been based on the total linear feet (LF) of feeding space available. The property is 50 acres and sold for $1,400,000 and contained sixteen pens that each included 120 linear feet of feeding space and measured 120' by 200' Based on this information, what is the sales price per unit of comparison identified by the market?

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter5: Investment Decisions: Look Ahead And Reason Back

Section: Chapter Questions

Problem 4MC

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