DEFINITION of 'Landlocked'

In a business sense, a piece of property that is totally inaccessible via public thoroughfare, except through an adjacent lot. A vacant lot that is located behind a strip mall and can only be reached by walking through the mall qualifies as this type of lot. Landlocked property is "locked up" all around by other property.

BREAKING DOWN 'Landlocked'

Landlocked property is generally worth less than other properties, due to its inaccessibility. As the old saying goes in real estate, "location, location, location." This disadvantage makes these properties harder to sell in many instances.

RELATED TERMS
  1. Property Manager

    An individual or company responsible for the day-to-day functioning ...
  2. Commercial Property

    Real estate property that is used for business activities. Commercial ...
  3. Form 4797

    A tax form distributed by the Internal Revenue Service (IRS) ...
  4. Property Management

    The administration of residential, commercial and/or industrial ...
  5. Personal Property

    A type of property which, in its most general definition, can ...
  6. Equity Stripping

    The process of reducing the overall equity in a property in order ...
Related Articles
  1. Investing

    Are Mall Retailer Stocks Winning or Losing?

    Mall stocks are hurting. But not all malls are dying. Here's what the mall of the future will look like and which retail stocks fit in.
  2. Investing

    Top Investment Ideas for Malls of the Future

    How investors should be thinking about the mall of tomorrow.
  3. Investing

    Use Real Estate To Put Off Tax Bills

    Find out how you can build wealth and reduce your taxes.
  4. Investing

    Your Property Tax Assessment: What Does It Mean?

    The amount of a property tax bill is based on the property’s value, the exemptions it qualifies for, its use and the local property tax rate.
  5. Investing

    What You Should Know About Real Estate Valuation

    Anyone involved in a real transaction can benefit from gaining a basic understanding of the different methods of real estate valuation.
  6. Taxes

    Sell Your Rental Property For A Profit

    Being a landlord can be taxing, especially when you want to sell. Find out how to reduce your burden.
  7. Investing

    Investing In Property Out Of State

    If you can't afford property close to home, consider taking the real estate plunge elsewhere in the country.
  8. Investing

    3 Reasons to Invest in Multi-family Real Estate

    Here are three reasons to consider investing in multi-family real estate as opposed to single unit rental properties.
RELATED FAQS
  1. What criteria does a property need to meet to be considered an 'investment grade' ...

    Learn what it takes for institutional investors to consider a property "investment grade," such as real estate investment ... Read Answer >>
  2. How can I make equity investments in real estate?

    Invest in real estate equity through buying and selling real property or through other more liquid investments like real ... Read Answer >>
  3. What do real estate investors look for in a property?

    Profit from real estate investments by either flipping homes or becoming a landlord. Learn best practices for a successful ... Read Answer >>
  4. What is the difference between real estate and real property?

    Understand how real estate is legally different from real property and the implications of that difference for each property ... Read Answer >>
Hot Definitions
  1. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  2. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  3. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  4. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  5. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  6. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
Trading Center