Why might the value of land with an endangered species present be lower?

The value of land with an endangered species present is likely to be lower because the presence of such species limits the amount of land that can be utilized or developed. When an endangered species inhabits a property, there are legal protections in place that can restrict alterations to the land. This means that portions of the property may be designated as conservation areas, leaving less available land for development or other uses. Consequently, potential buyers often perceive a diminished value in land that poses limitations on its use, leading to a direct impact on appraised value due to the restrictions associated with protecting the endangered species.

While other factors, such as the costs associated with moving species or acquiring permits, may also influence land value, the fundamental issue remains that the land's usability is directly impaired by the presence of the endangered species, which is a primary driver of decreased value.