VALUATION PROBLEMS--DRIVE-IN THEATERS

The application of the tenet that "income derived from a business depends upon factors not attributable to the lands and furnishes no criterion for the determination of the market value thereof" to the drive-in theater people is questioned, and five reported cases involving valuation of outdoor drive-in theaters are briefly discussed. The concept "cash flow" as a criterion of the value of property is examined. Noise and dust factors are also considered. Various questions are raised which await clarification and answers. These relate to factors such as net profit, the undivided fee state, and the comparability of sales.

• Corporate Authors:

  American Association of State Highway and Transportation Officials

  341 National Press Building
  Washington, DC  United States  20004
• Authors:
  • Mccormack, W J
• Conference:
  • American Assn of State Hwy & Transp Office Proc
• Publication Date: 1972

Media Info

• Features: References;
• Pagination: p. 1-6

Subject/Index Terms

• TRT Terms: Appraisals; Case studies; Cash flow; Dust; Income; Laws; Noise; Profits; Sales
• Uncontrolled Terms: Drive in theaters
• Subject Areas: Environment; Finance; Highways; Law;

Filing Info

• Accession Number: 00084403
• Record Type: Publication
• Files: TRIS
• Created Date: May 7 1975 12:00AM