I have a 127.5 acre farm to appraise to settle an estate. Date of death/effective date is 01/24/2002. My problem is there is a life estate on the entire property. The gentleman that has the life estate is 57 years old, if that is meaningful. Lacking a large amount of comparable sales sith similar life estates, how would you determine what impact (and how much impact) this life estate has on the market value of the subject? Would capitalizing the rent for his expected life span be reasonable? Please help if you can. Thanks!