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The Four Tests of Highest and Best Use

McKissock

” Highest and Best Use is the reasonable, probable, and legal use of vacant land or an improved property. Legally permissible. Some questions to answer: Do you have a current survey of the property? Are existing structures considered legal non-conforming use? Physically possible.

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

The commercial real estate appraiser must consider everything that could affect a property’s value; some factors include property conditions, neighborhood, economy, market conditions, legal factors, and even the political climate. Question 10: What do commercial appraisers look for when determining a property’s value?

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Preserving the American Dream

Appraisal Buzz

Q: What are the keys to navigating local, state, and federal regulations impacting the property preservation industry? Safeguard Properties stays at the forefront of compliance by implementing advanced regulatory tracking systems, supported by a skilled legal team. How is AI impacting this sector?

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Commercial Real Estate Investing: A Comprehensive Guide

Property Metrics

In addition to property-level cash flow, GPs typically charge fees (acquisition, asset management, disposition) and earn a promote or disproportionate share of profits once certain returns are met. Indirect Investment Indirect investment offers exposure to real estate without direct property ownership.