Highest and Best-Use Studies
Highest and Best-Use Studies (HBU)
Assemble a multi-dimensional analysis of a property or land site, by providing a real-time, submarket level assessment based on the following variables:
Physically Possible
Size, shape, topography, and other characteristics of the site
Legally Permissable
Permitted by zoning, land use planning, uses forbidden by government regulations, and uses prohibited by deed restrictions or covenants
Financially Feasible
Must generate adequate revenue to justify the costs of construction plus a profit for the developer
Maximally Productive
Generate the highest net return (profit) to the developer