Category Archives: Highest & Best Use

The Long Island Retail Market & New Construction

by Jim MacCrate, MAI, CRE, ASA The vacancy rate for retail properties on Long Island (Nassau & Suffolk Counties only) has been increasing steadily since 2004-2005 when the vacancy rate was below 4%.  One can drive through the older downtown … Continue reading

Posted in Highest & Best Use, Real Estate Market Analysis, Retail Stores | Tagged , , | 2 Comments

Macro Overview of the Residential Markets – Research Links & Analysis

By James R. MacCrate, MAI, CRE, ASA Overview Many economists and other real estate professionals are having a difficult time understanding the residential housing markets because interest rates are relatively low, prices have fallen sharply in many markets, and a … Continue reading

Posted in Highest & Best Use, Real Estate Market Analysis, Residential Properties, Residential Valuation | Tagged , , , | 3 Comments

Uniform Appraisal Standards for Federal Land Acquisitions – Sales Comparison Approach – Comparable Sales

by James R.  MacCrate, MAI, CRE, ASA    Introduction The sales comparison approach is one of three valuation approaches applied by professional real estate appraisers to provide an indication of value for the subject property.  In the sales comparison approach, … Continue reading

Posted in Appraisal Process, Appraisal Reviews, Highest & Best Use, Real Estate Litigation Support, Uniform Standards of Professional Appraisal Practice | Tagged , , ,

Uniform Appraisal Standards for Federal Land Acquisitions – Highest & Best Use

By James R. MacCrate, MAI, CRE, ASA Overview In 2000, The Interagency Land Acquisition Conference developed, promulgated, and adopted the Uniform Appraisal Standards for Federal Land Acquisitions which is an excellent guide for real estate appraisers and government agencies to … Continue reading

Posted in Business Valuation Issues, Ethics, Highest & Best Use, Uniform Standards of Professional Appraisal Practice | Tagged , , , , , , | 3 Comments

Protected: Special Purpose Property – Auto Dealerships – Maybe No Longer

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Posted in Business Valuation Issues, Highest & Best Use, Real Property Tax Assessments | Tagged , , ,

Part One – What Is The Highest & Best Use?

Part One – What Is The Highest & Best Use? By James R. MacCrate, MAI, CRE, ASA – MacCrate Associates LLC Highest and Best Use: The reasonably probable and legal use of vacant land or an improved property, which is … Continue reading

Posted in Appraisal Process, Highest & Best Use, Land Valuation, Real Estate Investments, Real Estate Valuation Methodology | Tagged , , , , | 2 Comments