Highest & Best Use Analysis
Haddow & Company has extensive experience with highest and best use studies of land. These studies typically involve four basic steps:
Economic and demographic overview at the macro level.
Property analysis, often performed in conjunction with a land planner, that evaluates zoning, utilities, physical attributes, ingress/egress, and other salient factors.
Supply-demand analysis of relevant sectors of the real estate market.
Assessment of land use alternatives and formulation of a strategy tailored to the client’s objectives.
Highest & Best Use Case Study
Client: Family office
Location: Sandy Springs, Georgia
A family office retained our firm to evaluate 74 acres in Sandy Springs, Georgia. The property was one of the few remaining undeveloped tracts in Central Perimeter. Our role was to evaluate the highest and best use in order to formulate the optimal disposition strategy. In addition to an in-depth market analysis, our firm worked with a land planner to formulate conceptual development plans that were used to establish a value range for the land. The property was sold to Ashton Woods, which developed Aria, a high-end residential community. Mercedes-Benz also developed its new North American headquarters on a portion of the property, and StreetLights Residential developed luxury apartments.
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