Highest and best use concept
A rigorous highest and best use analysis is more critical in an era of distressed properties. A discounted cash flow analysis may be the best tool to establish financial feasibility for various uses.
Renne, J. Scott
"Highest and best use: What happens when things are broken?,"
Assessment Journal: Vol. 1:
3, Article 2.
Available at: https://researchexchange.iaao.org/assessment_journal/vol1/iss3/2