Property Valuation :

Highest and best use of property.

continued...

Properties like these can and should be valued in more than
one way. The highest and best use for the property may not be its
current use.

Note, however, that the highest and best use is not
always obvious, as in the case of the building that sits on two plots.

The moral of the story is that real estate investing is a multidimensional
task. Failure to look at all aspects may mean failure to
realize the full potential of your investment. It is important to discover
any hidden profits that lie waiting to be tapped.

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