Which of the following approaches would allow one to estimate value if the construction price per square foot is known?

The income approach estimates value based on the potential income a property can generate, often through rental income. While this method is valuable for investment properties, it does not utilize construction costs directly and is more suitable for properties generating revenue rather than for estimating market value based solely on construction price.

The market comparison approach evaluates property value by comparing it to similar properties that have recently sold. While useful for determining market trends and values, it does not rely on construction costs but rather on sales data from comparable properties, making it less applicable when only construction price per square foot is known.

Sales analysis generally refers to reviewing historical sale prices to gauge current market values. This method does not involve construction costs or square footage directly and instead focuses on past transactions, which may not accurately reflect an estimate based on current construction costs.