situs

Dictionary of Real Estate Terms for: situs
situs

the economic attributes of location, including the relationship between the property and surrounding properties, as well as distant points of interest and the linkages to those points. Situs is considered to be the aspect of location that contributes to the market value of a real property.

Example: The situs of a commercial property includes surrounding commercial establishments, the location of suppliers’ warehouses, competing establishments, and the homes of employees and customers.

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