Definition: Plottage value is the additional value that may result when adjacent parcels are combined into a more useful larger site.
Example
Two lots worth $80,000 each separately are worth $180,000 together; the indicated plottage increment is $20,000.
Keep the distinction clear
The process is assemblage; the value gain is plottage. The combined site's legal and practical usability must support the gain.
Related terms
Assemblage · Highest and Best Use · Market Value
Keep studying
CMA vs. Appraisal: What Is the Difference?
References: California DRE: real estate glossary
Pronunciation (US): PLAH-tij VAL-yoo (capitals show stress)
Pronunciation reference: Merriam-Webster
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