HIGHEST AND BEST USE - Cont'd

The final criterion, that of the most profitable use, suggest that the highest and best use be that which provides the most profitable return to the land. Thus, for the existing use to be the ultimate highest and best use, it must be more profitable than all other alternative uses. However, if the improvements are contributing value over and above land value, then they are the practical highest and best use. This will continue until such time as the land value exceeds the whole property value and the real estate is then, ready for redevelopment, from an economic point of view.

This subject is considered vacant single family residential use and previously was an improved single family residence for several years and is considered to have good demand in the area if marketed for sale as a potential single family residential site.. The market in the area has fared good when compared to other market residential segments and the subject's location, within the area and proximity to all modes of travel, is considered good.

As previously stated the subject is currently vacant land.