What type of property would the gross multiplier method of appraisal be least valuable for?

The gross multiplier method of appraisal is most effective for properties that typically have a stable and predictable income stream, which is commonly found in residential rental properties. This method relies on comparing the price of a property to its gross rental income to determine value, making it particularly applicable to the residential sector where rents exhibit more uniformity.

When considering public buildings, their valuation is often complex and not primarily based on income generation. Public buildings, such as schools, libraries, and government offices, usually do not generate income in the same way that commercial or residential properties do. Instead, their value may be influenced by factors such as their functionality, location, public purpose, and replacement cost, rather than the gross income they produce.

Thus, the gross multiplier method is least valuable for public buildings due to the lack of consistent income data that can be utilized for effective comparison, making the approach less applicable and relevant in those scenarios. This limitation highlights the necessity of using more comprehensive methods tailored to the unique characteristics of public property.