Legal Advice on Commercial and Corporate Laws Issues Posted On : Sep-09-2011 | seen (50) times | Article Word Count : 385 |
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Highest and Best Use Analysis Business Articles | May 23, 2008 Highest and best use analysis can assist an owner in maximizing return. Highest and best use analysis can be performed for acreage, site development Authentic Courtland Sutton Jersey , and for improved properties. Research and planning can substantially increase investment returns.
Highest and Best Use Analysis
Highest and best use analysis can assist an owner in maximizing return. Highest and best use analysis can be performed for acreage, site development, and for improved properties. Research and planning can substantially increase investment returns.
If in a metropolitan area, highest and best use is likely a combination of uses including single-family, multifamily Authentic Bradley Chubb Jersey , and commercial. Mixture of uses and timing of development are both critical factors. Commercial and multifamily land will yield a higher value, but artificially calling a use commercial will result in an excessive holding period. Ultimately the use may still be single-family.
Highest and best use for a single site may seem intuitive. For example: 1.) this is clearly an industrial site since it is in an industrial park or 2.) this is clearly a strip center site since it is on a major thoroughfare at the corner of a street which enters a subdivision. However, an appropriate highest and best use study will be detailed and precise. For the industrial property consider the following issues:
Tilt wall versus metallic; Office warehouse versus warehouse versus flex; Percentage of office build out; Quality of office finish; Depth of truck apron; Eave height; Truck wells versus grade level versus dock height; Sprinkled; Parking ratio; Level of landscaping; Quality of finish for front of building; Type of elevation for front of building; Cranes; Stabilized yard.
For an existing building on two acres, the following should be addressed: