Income Approach– Estimated use-value of agricultural land ($/acre)

Land ClassUse-Value Without RiskUse-Value With Risk
I3,0402,890
II2,7302,600
III2,0201,930
IV1,6201,540
Avg. I-IV2,6002,470
V1,2101,160
VI1,010960
VII610580
Avg. V-VII720690
Avg. I-VIII2,5302,410
VIII200190

For all applicable use-value estimates, view Henrico, Coastal’s brochure

Income Approach– Estimated use-value of agricultural land ($/acre)

Land ClassUse-Value Without RiskUse-Value With Risk
I3,2802,620
II2,4802,360
III1,8301,750
IV1,4701,400
Avg. I-IV2,1002,000
V1,1001,050
VI920870
VII550520
Avg. V-VII930880
Avg. I-VIII2,0301,930
VIII180170

For all applicable use-value estimates, view Henrico, Piedmont’s brochure