Final answer:
The income capitalization approach is typically used to appraise a strip mall, considering the property's potential to generate income.
Step-by-step explanation:
A strip mall would most likely be appraised using the income capitalization approach. This method focuses on the potential income that the property could generate, which is especially relevant for commercial real estate investments like a strip mall.
Appraisers will consider factors such as net operating income, rental income, and the capitalization rate to establish the value of the property.