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HIGHEST& BEST USE <br /> The Highest and Best Use is defined as that reasonable and probable use which will support the <br /> highest present value, as defined as of the effective date of the appraisal. <br /> Alternatively, it is that use, from among reasonable,probable,and legal alternative uses,which are <br /> found to be physically possible, appropriately supported, financially feasible, and which results in <br /> the highest land value. <br /> The definition above implies specifically to the Highest and Best Use of the land. It is to be <br /> recognized in cases where the site has existing improvements, the Highest and Best Use may very <br /> well be determined to be different than the existing use. Normally the existing use continues unless <br /> and until the land value in the Highest and Best Use exceeds the total value of the property in its <br /> existing use. <br /> The subject is zoned I-L, Light Industrial, and the current use is a permitted and legal use under <br /> the current zoning classification. <br /> The current use of the subject is well suited to the location, is compatible with the trend in the <br /> neighborhood, and is considered to be a financially feasible use of the site. <br /> The subject has good access to the Interstate Highway system with the intersection of Canyon <br /> Road and Interstate 90 located .8 miles southeast of the subject. <br /> As a result,the current use will support the highest value to the land and is therefore considered to <br /> be the highest and best use of the site. <br /> 19 DAVIS APPRAISAL COMPANY <br />