plottage

Definition

The increased value created when adjacent properties are combined into a larger, more useful parcel. It's the financial proof that sometimes the whole really is worth more than the sum of its parts.

Example Usage

The plottage value of combining these two lots is substantial—together they're worth 200k more than separately.

Origin

Early 20th century real estate development terminology, related to 'plot' but formalized as a value concept

Fun Fact

Plottage value often kicks in at specific size thresholds where new uses become possible—like when two residential lots combine to meet minimum commercial zoning requirements.

Source: Real estate appraisal and development terminology

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