Vacant land is considered by many to be the easiest property type to appraise. However, the opposite
is true. With an improved property, the highest and best use of the site is pretty much dictated by the
improvements. With a piece of vacant land, anything is possible. The property could be improved with
anything from a campground, power plant, residential subdivision, industrial property, cat grooming or
any one of a million other choices.
The highest and best use of the land must be determined by the appraiser before any attempt at
valuation can be made.
Therefore, the appraisal of vacant land is actually the most difficult of all the appraisal assignments.
We have appraised countless tracts of land is every conceivable location and will be happy to appraise
(502) 267-6320 Office
(502) 267-6344 Fax
10507 Watterson Tr., 2nd Flr
Louisville, KY. 40299
Nationwide real estate appraisal service