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Price Per Front Foot Formula:
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Price Per Front Foot is a measurement used in real estate and property valuation that calculates the cost of a property based on its frontage length. It's commonly used for commercial properties and land valuation.
The calculator uses the simple formula:
Where:
Explanation: This calculation helps determine the value of each linear foot of street frontage, which is particularly important for commercial properties where visibility and access are crucial.
Details: This measurement is essential for comparing property values, assessing commercial real estate investments, and determining appropriate pricing for properties with different frontage lengths.
Tips: Enter the total property price in your local currency and the frontage measurement in feet. Both values must be positive numbers greater than zero.
Q1: Why is front foot pricing important in real estate?
A: Front foot pricing is particularly important for commercial properties where street visibility, access, and signage opportunities significantly impact property value.
Q2: How does frontage affect property value?
A: Generally, properties with more frontage have higher value due to better visibility, more access points, and potential for multiple tenants or uses.
Q3: Is this calculation used for residential properties?
A: While primarily used for commercial properties, it can also be applied to residential lots, especially in urban areas where frontage is limited.
Q4: What are typical price per front foot ranges?
A: Prices vary widely by location, property type, and market conditions. Commercial properties in prime locations can command significantly higher prices per front foot.
Q5: How accurate is this calculation for property valuation?
A: While useful for comparison, it should be used alongside other valuation methods as property value also depends on depth, zoning, improvements, and other factors.