Which of the following is NOT part of the land valuation methods?

The correct answer highlights that replacement cost analysis is not traditionally classified as a land valuation method. Land valuation methods primarily focus on approaches that evaluate the market value of land based on its potential use or income-generating capacity.

The anticipated use of development involves forecasting the highest and best use of the land, which is central to understanding its potential value. Capitalization of ground rent evaluates the income generated from leased land, applying that income to determine the value of the land itself, signifying how land can be valued based on the income it produces. Similarly, the sales comparison approach looks at recent sales of comparable properties to ascertain a market value for the land in question.

In contrast, replacement cost analysis is more commonly associated with the valuation of improvements on the land rather than the land itself. This method estimates the cost to replace a structure, which does not effectively capture the nuances of land valuation methods. Thus, this option stands apart as it pertains more to property improvements than to land valuation specifically.