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The Four Tests of Highest and Best Use

McKissock

Some questions to answer: How would the build or improvements compare to other local properties? For example, extensive upgrades could over-improve a property to the point that it is over-priced for the market.). Some questions to answer: Do you have a market analysis or a feasibility study?

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

Some go one step further and fulfill strenuous education and experience requirements to become designated members of the Appraisal Institute. It details a broad range of appropriate information within the actual report, with minimal references to files outside the report. Question 3: What is a commercial appraisal used for?