Reversion value
A lump-sum cash benefit that an investor receives or expects to receive upon the sale of an investment.
Retail trade area
Also referred to as service area, is generally defined as the geographic or formal area from which a sustained patronage is attracted to support a retail center or establishment; the extent to which is determined by numerous factors including...
Retail property
Properties used exclusively to market and sell consumer goods and services.
Retail gravity model
A gravity model used to estimate dollar flows to or the sale/revenue potential of competing retail establishments in a given geographic market. Also see gravity model.
Retail gap analysis
A gap analysis performed specifically on retail floorspace in a given market or trade area.
Residential property
Single- or multifamily housing units that are used, serve, or are designed as a place of residence.
Replacement cost
The estimated cost to construct, at current prices, a building with utility equivalent to the building being appraised, using modern materials and current standards, design, and layout. [Appraisal Institute]
Rent escalators
Items specified in a lease such as base rent, operating expenses, and taxes that may increase by predetermined amounts at stated intervals or by a constant annual percentage. Also see index lease and expense stop.