1. The Student Handbook to T HE A PPRAISAL OF R EAL E STATE 1 Chapter 12 Highest and Best Use Analysis

2. Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 12 2 Fundamentals of Highest and Best Use  Highest and Best Use as Improved  Highest and Best Use as Though Vacant Testing Criteria in Highest and Best Use  Physically Possible  Legally Permissible  Financially Feasible  Maximally Productive

3. Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 12 3 Highest and Best Use of Land as Though Vacant  The Ideal Improvement  Test of Legal Permissibility of Land as Though Vacant  Test of Physical Possibility of Land as Though Vacant  Test of Financial Feasibility of Land as Though Vacant  Test of Maximum Productivity of Land as Though Vacant

4. Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 12 4 Highest and Best Use of Property as Improved  Test of Legal Permissibility of Property as Improved  Test of Physical Possibility of Property as Improved  Test of Financial Feasibility of Property as Improved  Test of Maximum Productivity of Property as Improved

5. Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 12 5

6. Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 12 6 Special Situations in Highest and Best Use Analysis  Single Uses  Legally Nonconforming Uses  Interim Uses  Speculative Uses  Uses That Are Not the Highest and Best Use (of Site as Though Vacant)  Multiple Uses

7. Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 12 7 Problems Suggested solutions begin on page 365.