I posted this question on 4/08/2018. It has still yet to be answered. Please help so I understand how to solve it in the future. Thank you!

You own a property which is in an excellent location. Several developers have approached you to purchase it. Unfortunately, you can't afford to develop it. Given the information below, what is the land value for each project? Which project will yield the "highest and best use land value"? How much should you be able to sell the land for? What are the risks to this analysis?

Project	NOI	Exp. Return	Growth	Building Cost per SQFT	Building Sqft
Office:	1,950,000	11.60%	3.25%	250	50,000
Retail:	1,435,000	10.30%	2.50%	280	30,000
Apartment:	1,350,000	12.00%	3.50%	225	22,000
Warehouse:	1,275,000	9.80%	2.00%	175	32,000