Which factor is LEAST likely to influence the value of a property?

The capitalization rate is a metric used primarily by investors to evaluate the potential return on an investment property, particularly in commercial real estate. While it is an important consideration in the investment analysis phase, it does not directly influence the intrinsic value of a property in the same way that the other factors do. The date of sale, lot size, and square footage of a building are all elements that directly relate to the physical characteristics and market conditions of the property, which can significantly affect its valuation in the marketplace.

The date of sale can indicate market trends and price fluctuations, while the lot size and square footage are tangible metrics that determine the property's usable space, functionality, and overall desirability. Since the capitalization rate is an analytical tool rather than a characteristic of the property itself, it is least likely to influence the property’s value compared to the direct physical attributes and conditions outlined by the other factors.