Financial feasibility refers to the ability of a proposed land use or change in land use to justify itself from an economic perspective. While it is one test of the highest and best use of land, it does not necessarily make a project the most rewarding use of the land.
The term 'highest and best use' in real estate appraisal refers to the financially, legally, and physically possible use that, at the time of appraisal, is most likely to produce the greatest net return to the land or buildings over a given period.
