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X. CHAPTER QUIZ (p. 181) Chapter 6: Site Valuation 185 I. HIGHEST AND BEST USE (p. 187) A. Highest and Best Use Defined (p. 187) B. Purpose of Highest and Best Use Analysis (p. 188) C. Characteristics of Highest and Best Use (p. 188) D. Importance of the Principle of Anticipation (p. 191) E. Interim Uses (p. 191) II. VACANT AND IMPROVED LAND (p. 191) A. Legal Nonconforming Uses (p. 193) B. True Highest and Best Use (p. 193) C. Principle of Consistent Use (p. 194) D. Excess Land or Surplus Land (p. 194) E. Plottage (p. 195) F. Highest and Best Use in Residential Appraisals (p. 195) III. METHODS OF SITE VALUATION (p. 195) A. Sales Comparison Method (First and Most Important Method) (p. 196) B. Allocation Method (Second Method) (p. 201) C. Extraction Method (Third Method) (p. 202) D. Development Method (Fourth Method) (p. 203) E. Land Residual Method (Fifth Method) (p. 203) F. Ground Rent Capitalization Method (Sixth Method) (p. 206) G. Depth Tables ("4-3-2-1 Method") (p. 206) IV. CHAPTER SUMMARY (p. 208)