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Professional Studies

Highest & Best Use The reasonably probable and legal use of vacant land or an improved property, which is physically possible, appropriately supported, financially feasible, and that results in the highest value.


Market Study The Process of Determining the General Market Conditions Affecting the Property to Be Marketed, Including Historical and Potential Levels of Supply and Demand; as Distinguished from Marketability Study, Which Determines a Property's Capacity to Be Absorbed, Sold, or Leased.


Marketability Study A Process That Investigates How a Particular Piece of Property Will Be Absorbed, Sold, or Leased under Current or Anticipated Market Conditions; Includes a Market Study or Analysis of the General Class of Property Being Studied.

REVAC has prepared several hundred of these studies for various state and local housing authorities, which resulted in Bond and/or Low Income Housing Tax Credits. Our numerous clients include developers and banks.