What type of value is referred to as the value to a particular individual investor?

Investment value specifically pertains to the value an individual investor places on a property based on personal preferences, investment goals, and unique circumstances. This value may differ from the market value, which reflects the price a willing buyer would pay in an open market.

For instance, an investor may perceive a property as having a higher investment value due to its potential for generating rental income, tax benefits, or its alignment with a specific investment strategy. This subjective assessment means that the investment value is tailored to the investor's specific financial situation and investment objectives, highlighting the personalized aspect of property valuation.

In contrast, market value is more generalized and reflects what the broader market might bear, while intrinsic value focuses on an asset's inherent characteristics and fundamentals, independent of market perceptions. Liquidation value, on the other hand, represents the net proceeds that could be obtained from selling an asset quickly, typically at a discounted price, which is also distinct from the personal valuation an investor may hold.