Salvage Value

Salvage value is the of improvements located on a site when their continued use is no longer the highest and best use of the property.  Thus, a residential home on a property that is clearly more valuable for commercial redevelopment may have a salvage value if it can be moved.  If relocation costs exceed the value of the improvements in place, however, then the salvage value is assumed to be zero.

Contact us with your questions or concerns regarding salvage value or regarding your specific appraisal assignment in Nevada at 1-702-568-6699.  We can also be e-mailed at grigdon@cox.net.  

Commercial Real Estate Appraisals in the Las Vegas & Henderson, Nevada Area.