highestuse
Highestuse is a term used in property valuation and resource planning to denote the most valuable or productive use of a property, asset, or resource under current market conditions and regulatory constraints. In practice, highestuse is closely aligned with the concept of the highest and best use used in real estate appraisal, planning, and asset management.
The principle requires four tests: legally permissible, physically possible, financially feasible, and maximally productive. A use
Determining highestuse involves market analysis, zoning and environmental constraints, physical characteristics of the site, infrastructure access,
Applications include valuation of land and buildings, strategic redevelopment planning, adaptive reuse decisions, and portfolio optimization
Limitations include data availability, market volatility, and the difficulty of quantifying non-monetary value, such as heritage