A building, 80 feet wide and 125 feet long, would cost $70 per square foot to replace. The land is valued at $100,000. The building was estimated to have an economic life of 40 years and is now effectively ten years old. What is the estimated value of this real estate by the cost approach to value?

Answer rating: 100% (QA)

Solution The cost approach to value estimates the value of a property by considering the cost of rep... View the full answer