The value involved may extend beyond the land acquired
A partial acquisition can involve more value than the government’s map may show.
The government’s initial valuation may focus primarily on the land or easement it proposes to acquire. A complete evaluation should also consider how the project may affect the use, potential, and market value of the property that remains.
- 01
Value of the Property Acquired
The value of the land, improvements, fixtures, easements, and other property rights the government proposes to acquire.
- 02
Value of the Remaining Property
A partial acquisition may change the usefulness, desirability, development potential, or market value of the property that remains.
- 03
Access and Circulation Value
Access, driveway configuration, traffic movement, and circulation may be important components of a property’s usefulness and overall value.
- 04
Parking and Functional Value
Parking, loading areas, landscaping, setbacks, and usable space may contribute substantially to how a property operates and what it is worth.
- 05
Development and Future-Use Value
The property’s value may include development, subdivision, expansion, density, or redevelopment potential that is not obvious from its present use.
- 06
Business and Location Value
Visibility, customer access, tenant use, location advantages, and property configuration may contribute to the value associated with a commercial property.
The relevant sources of value depend on the property, project, applicable law, professional evaluations, and individual circumstances. Not every consideration is compensable in every matter.
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