Property Valuation
In Washington, the highest and best use (HBU) analysis must satisfy all of the following criteria EXCEPT:
ALegally permissible
BPhysically possible
CFinancially feasible
DCurrently in use✓ Correct
Explanation
Highest and best use must be: (1) legally permissible under current zoning and restrictions, (2) physically possible given site characteristics, (3) financially feasible given market conditions, and (4) maximally productive. The current use does not need to be the HBU.
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