Definition: The value of a property to a particular investor based on that investor's objectives, required return, financing, taxes, and other circumstances.
Example
An investor who can combine a parcel with an adjacent holding may assign it more value than a typical purchaser would.
Keep the distinction clear
Investment value is specific to the investor. Market value reflects the applicable market-value definition and typical market conditions rather than one person's unique benefits.
Related terms
Market Value · Assemblage · Yield
Keep studying
CMA vs. Appraisal: What Is the Difference?
References: FREC Course II syllabus: investment concepts
Pronunciation (US): in-VEST-munt VAL-yoo (capitals show stress)
Pronunciation reference: Merriam-Webster
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