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.

Media Info

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

Subject/Index Terms

Filing Info

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