A Discussion of Excess Land Concepts and Theory

摘要

This article discusses the criteria to Identify excess land and formulates a framework for examining the potential discount or premium of the market value of excess land and remainder tract relative to its sum of the parts. A number of scenarios that an appraiser may encounter are discussed In the article, such as a highest and best use analysis for Identifying surplus versus excess land, and cases where land should be analyzed as a separate tract despite Its absence resulting In a diminution In value to the remainder tract.