Topography
The surface contours of a site — level, sloping, rolling, or steep. Topography affects buildability, drainage, usable yard area, and view, and is a standard line of site comparison.
Related Terms
Site
Land that has been prepared for use — graded, with access and utilities available.
Lot
A defined parcel of land, typically described by reference to a recorded plat or tax map.
Adverse Site Conditions
Negative influences on or near a property — busy roads, power lines, drainage problems, incompatible adjacent uses.
More in Land & Site Valuation
View allAllocation Method
A land valuation technique that estimates land value by applying the typical ratio of land value to total property value observed in the market.
Extraction Method
A land valuation technique that estimates land value by subtracting the depreciated cost of improvements from the total sale price of an improved property.
Land Residual Technique
A land valuation method that estimates land value by capitalizing the net income remaining after deducting the return attributable to the improvements from the property's total net operating income..
Ground Rent Capitalization
A land valuation method that estimates land value by capitalizing the ground rent (the rent paid for the use of land only, without improvements) at an appropriate capitalization rate..