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What's so Special about Special-Purpose Property?

Ron Throupe and Kay ZHANG and Xue MAO

The Valuation Journal, 2015, vol. 10, issue 2, 44-67

Abstract: The concept of a special-purpose property is often confused with the concept of a special use or limited-market property. In practice, special-purpose, special use, and limited-market properties are not necessarily interchangeable. This article clarifies what constitutes special-purpose property, and it outlines a process to identify special-purpose property for valuation by focusing on the property itself, not the use or user.

JEL-codes: R33 O18 (search for similar items in EconPapers)
Date: 2015
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Handle: RePEc:vaj:journl:v:10:y:2015:i:2:p:44-67