In the five-acre parcel scenario, the total value for industrial use is what amount?

In the five-acre parcel scenario, the total value for industrial use is what amount?

• A. 150,000
• B. 250,000
• C. 350,000
• D. 500,000

Answer: (B)

Valuing for a specific use relies on applying the market’s value per unit to the size of the parcel. For industrial use on a five-acre lot, you multiply the industrial value per acre by five. The scenario provides an industrial value of 50,000 per acre, so five acres × 50,000 equals 250,000. That’s the total industrial value. If you see other dollar amounts, they would reflect different per-acre values or a different acreage, not the five-acre industrial calculation shown here.

Valuing for a specific use relies on applying the market’s value per unit to the size of the parcel. For industrial use on a five-acre lot, you multiply the industrial value per acre by five. The scenario provides an industrial value of 50,000 per acre, so five acres × 50,000 equals 250,000. That’s the total industrial value. If you see other dollar amounts, they would reflect different per-acre values or a different acreage, not the five-acre industrial calculation shown here.