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What adjustments have been made between the subject and comparable properties?

Location and Connectivity Adjustments

Differences in location directly impact value, especially regarding proximity to highways, ports, and active industrial clusters.

  • Adjustments are made if the subject land has better or weaker connectivity than the comparable
  • Properties closer to national highways or logistics hubs are valued higher
  • Land in well-established industrial zones commands a premium over emerging areas

Infrastructure and Site Readiness Adjustments

Comparable properties with better utility access or pre-built infrastructure receive higher valuation. The subject land is adjusted accordingly.

  • Value is reduced for subject land if it lacks power, water, or internal roads
  • Added value is given to plots with fencing, drainage, or ready-to-build status
  • Differences in topography or land leveling are factored into the final price

Size, Shape, and Legal Status Adjustments

Plot size, shape, and legal readiness can significantly influence comparability and require appropriate valuation corrections.

  • Smaller plots may have higher per square foot rates than large parcels
  • Irregular or narrow plots are adjusted downward compared to ideal rectangular ones
  • Clear title and industrial zoning add value; pending approvals may lower the subject’s value

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