Situation: Sarah owns a piece of vacant land in a rapidly developing suburb. She’s unsure whether to sell it as-is, develop a residential project, or lease it to commercial tenants. She needs guidance on how to maximize her property's value.
Action: Sarah requests a Highest and Best Use Report to determine the most profitable and legally permissible use of her land. The report analyzes market demand, zoning regulations, and potential redevelopment options, providing detailed recommendations.
The report concludes that her land would yield the highest return if developed into a mixed-use residential and commercial project. Sarah decides to partner with a developer, significantly increasing her potential earnings from the property.