Frequently, investors and other property owners decide to develop or offer for sale tracts of land previously allowed to lie dormant. In such cases, there is no history to base a Highest and Best Use conclusion upon. Vacant land use studies require an open minded and objective analysis of all potential uses which may be of the most benefit to the owner. Property owners are not always equipped to make a use determination for a property and require the services of a professional to develop a Highest and Best Use Analysis. Certified General Appraisers with broad experience involving a variety of property types should be employed to serve this need.
We at ELLIOTT® offer Highest and Best Use Analysis in all fifty of the United States. Contact us for a no obligation consultation on what we can do to help you.