A History of Site Valuation Rules: Functions and Empirical Evidence

Peter F. Colwell and Tim F. Scheu ()
Additional contact information
Peter F. Colwell: University of Illinois 1407 West Gregory Drive 304B DKH Urbana, Illinois 61801, http://www.uiuc.edu/
Tim F. Scheu: Hayworth College of Business Western Michigan University Kalamazoo, Michigan 48001, http://spider.hcob.wmich.edu/

Journal of Real Estate Research, 1994, vol. 9, issue 3, 353-368

Abstract: It is commonplace to think of the price of land as an amount per unit of area. This may be inappropriate, because it appears that the value of land increases at a decreasing rate as area increases in some situations, and frontage and depth may affect value differently. Various rules have been developed to aid in the process of estimating site value. This paper describes the functional forms of these rules and provides estimates of the parameters of these rules utilizing historical data. The hypotheses that value is a concave function of both frontage and depth cannot be rejected.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1994
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://pages.jh.edu/jrer/papers/pdf/past/vol09n03/v09p353.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jre:issued:v:9:n:3:1994:p:353-368

Ordering information: This journal article can be ordered from
Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
http://pages.jh.edu/jrer/about/get.htm

Access Statistics for this article

Journal of Real Estate Research is currently edited by Dr. Ko Wang

More articles in Journal of Real Estate Research from American Real Estate Society American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323.
Bibliographic data for series maintained by JRER Graduate Assistant/Webmaster ().