How do I determine land value for a condo

jmleinenbach · #1 (**permalink**) 04-09-2014, 08:48 AM

I own a condo which I'm renting out. I don't actually own any land, just the right to use the land. I understand I need to break my condo value into the land value and the property value. How do I make this determination? In my mind, since I don't own the land, I would use $0 as the land value, but I'm guessing that's not the right answer. Any help would be appreciated. Thanks!

Wnhough · #2 (**permalink**) 04-09-2014, 09:13 AM

Quote:

Originally Posted by jmleinenbach

I own a condo which I'm renting out. I don't actually own any land, just the right to use the land. I understand I need to break my condo value into the land value and the property value. How do I make this determination? In my mind, since I don't own the land, I would use $0 as the land value, but I'm guessing that's not the right answer. Any help would be appreciated. Thanks!

I guess you need professinal help from a r/e appraiser.