Which of these factors does NOT affect market value?

The owner's sentiment towards the property does not have a direct impact on the market value in a broader economic sense. Market value is primarily determined by objective factors that influence how properties are priced in the marketplace. These include the building's location, which can significantly affect desirability and accessibility, the economic conditions of the market, which dictate supply and demand dynamics, and the physical condition of the building, which affects its utility and attractiveness to potential buyers.

While an owner's personal feelings or attachments to a property may influence their perception of its worth, this sentiment does not factor into market value calculations that reflect what buyers in the market are willing to pay. Market value generally hinges on measurable and observable criteria within the context of the real estate market rather than on the subjective feelings of individual property owners.