Highest and Best Use in Commercial Real Estate
In commercial real estate investing, the highest and best use typically means the use that results in the highest risk-adjusted returns for the asset’s stakeholders.
Appraisals in Commercial Real Estate
An appraisal is a professional estimation of the market value of a property, which needs to be conducted by a certified appraiser in the area which the property is located. In most cases, commercial real estate lenders require an appraisal before they approve a borrower for a loan.