Property Valuation
In New Mexico, 'interim use' in highest and best use analysis refers to:
ACurrent use that maximizes value now
BA temporary use that generates some income while awaiting a more intensive use to become feasible✓ Correct
CGovernment use of private property
DAn agricultural use of commercial land
Explanation
An interim use generates income in the near-term while a more intensive (and valuable) use becomes feasible due to market changes. Common examples include surface parking lots awaiting high-rise development.
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