sitevalue
nounUK /ˈsaɪtˌvæljuː/
US /ˈsaɪtˌvæljuː/
The value of a piece of land where something is built or could be built.
The sitevalue of the empty lot went up after the new school opened nearby.
RELATED WORDS
OTHER MEANINGS
2. The worth of a place based on where it is located.
Two shops with the same size had different sitevalues because one was on the main street.
3. The estimated price of a building site before any construction.
The builder checked the sitevalue before buying the land.
4. In business, the value of a specific location for a store or office.
The company compared sitevalues to choose the best spot for its new café.