Which method would be used to measure the contribution of a property component to the overall value?

The Building Residual Technique is specifically designed to assess the contribution of individual property components to overall value. This method works by determining the value of a property by analyzing the income it generates, subtracting the costs associated with other property components, and thereby isolating the residual value attributed to the specific component being evaluated. This approach is particularly effective in situations where income data is available, allowing for a clear understanding of how much value can be assigned to specific parts of a property, such as a particular building or an existing lease agreement.

The other methods, while valuable in their own rights, don't focus specifically on measuring the contribution of a single property component to overall value in the same way. The Replacement Cost Method primarily estimates how much it would cost to replace a property with a similar one. The Market Comparison Approach evaluates a property's value based on comparable sales, which may not offer insight into the specific contribution of individual components. The Cost Approach calculates the value based on the cost to replace the property minus depreciation, but it does not isolate the contribution of each individual component. Therefore, the Building Residual Technique is the most aligned with the goal of measuring a specific component's value in the context of the overall property.