Question: Based on the following four comparable sales, which would be the best unit of comparison for a property in this market? Element Sale 1 Sale
Based on the following four comparable sales, which would be the best unit of comparison for a property in this market?
| Element | Sale 1 | Sale 2 | Sale 3 | Sale 4 |
| Sale Price | $5,750,000 | $7,500,000 | $6,250,000 | $6,750,000 |
| Date of Sale | Now | 3 Months Ago | 4 Months Ago | 5 Months Ago |
| Site size | 100,000 | 100,000 | 100,000 | 100,000 |
| Road frontage | 1,350 | 2,000 | 3,000 | 1,000 |
| Rentable Area | 20,000 | 25,000 | 21,000 | 22,500 |
| Storage Area | 3,000 | 3,500 | 3,000 | 2,500 |
| Garage Spaces | 8 | 4 | 2 | 7 |
| Price Per SF of Site Area | $57.50 | $75.00 | $62.50 | $67.50 |
| Price Per Feet of Road Frontage | $4,259.26 | $3,750.00 | $2,083.33 | $6,750.00 |
| Price Per SF of Rentable Area | $287.50 | $300.00 | $297.62 | $300.00 |
| Price Per SF of Basement Area | $1,916.67 | $2,142.86 | $2,083.33 | $2,700.00 |
| Price Per Garage Space | $718,750.00 | $1,875,000.00 | $3,125,000.00 | $964,285.71 |
Question 16 options:
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| Price Per SF of Site Area |
|
| Price Per Feet of Road Frontage |
|
| Price Per SF of Rentable Area |
|
| Price Per Garage Space |
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