acre

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Acre

A measure of area, especially of land. The area of an acre is not standardized; an American acre is slightly larger than an international acre. It is roughly 4,840 square yards. Historically, an acre is said to be an approximation of the land a single ox could plough in a day. It is often used in real estate transactions.
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acre

Historically, the amount of land a yoke of oxen could plow in one day;today,a quantity of land containing 43,560 square feet.An acre can be any shape.Especially in the case of commercial properties,land values are usually expressed in terms of price per square foot rather then price per acre.

Example:  If you know that a 16-acre parcel recently sold for $10,000,000, you calculate the price per foot as follows:

16 acres      43,560 square feet per acre       696,960 square feet

$10,000,000     696,960 feet     $14.35 per square foot

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
With the acquisition of PDS Tech, AKKA said it is positioned to benefit from the strong growth in the United States for outsourced R and D services.
Ao sul de 'Akka localiza-se a cidade de Haifa, (Mapa 01) que no seculo XIX teve um crescimento economico expressivo em contraste com 'Akka.
Some of the new housing projects replaced the former Arab Manshieh neighborhood better known formerly as New Acre or 'Akka el-Jadideh'.
According to Reminex, process manager Ali Mimouh, the Akka plant expects to recover up to 90% of the free gold through the use of the Falcon concentrators, while the remainder will be recovered using flotation.
Egan suffered cuts, bruises and a dead leg when the Gerard Butler-trained Compton Akka came down at the Surrey track when breaking a leg.
Katz's translation of Gilgamesh and Akka is more than adequate.
Golconda failed to justify odds-on favouritism when beaten by a head by Compton Akka at Lingfield.
It's been launched by Panacea founder Joe Akka, who has recruited chef Jan Cron - who trained at the Michelin-starred Alcron in Prague before working as a private chef and nutritional advisor - to head up the open kitchen.
Summary: New Delhi [India], Jan 27 (ANI): Cambodian Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen was given the ceremonial reception at the Rashtrapati Bhawan in Delhi on Saturday.
ISPR told that the security forces launched intelligence based operations (IBOs) in Akka Khel, Guli Khel and Ghaibi.