9 16 pts Valuation: Highest and Best Use You want to develop a parcel of land, and zoning rules allow a few potential uses on this site. You've collected some basic data on the type of buildings you could build on this site. Propose the Highest and best Use for this site. You do not need to show supporting calculations, just fill in the grid below. Office Apartments Industrial 100,000 24 35% 120,000 18 15% Area (sf) Rents ($/sf) OpEx Ratio Avg NOI growth Required Return Con. Cost ($/sf) 80,000 20 35% 4 8 250 2 10 10 180 150 Office Apartments Industrial Recommendation