Best Use Sample Report
Best Use and Location Risk Score Assessment
Address
Mt Arlington, NJ 07856
Area = 130,447 ft²
Best Use Basket・29
Location liquidity rate: Average
Current use
- Services
- Photographic studios
- Vocational schools
- Commercial sports
- Dance studios, schools, halls
- Theatrical producers, bands, entertainers
- Child daycare services
- Mailing, commercial art, photography
- Research, development, testing services
- Programming, data processing
Construction
- Special trade contractors
- Carpentry, floor work
- Electrical work
- Plumbing, heating, air-conditioning
- Heavy construction
- Public administration
- Executive offices
- Courts
- Manufacturing
- Laboratory, analytical, measuring devices
- Electronic components and accessories
- Retail trade
- Retail nurseries, garden supply stores
- Used merchandise stores
- Sports
- Sports center
- Tourism
- Important tourist attraction
- Transportation and public utilities
- United States Postal Service
Best Uses – statistics
| Best Use | Industry | Match rate ↓ | % | Number | N | Frequency | % | Location Risk Score |
|---|---|---|---|---|---|---|---|---|
| Retail nurseries, garden supply stores | Retail trade | 92.9 | 33 | 15.6 | 5.5 | 5.3 | 0.2 | — |
| Important tourist attraction | Tourism | 86.8 | 34 | 17.9 | 5.4 | 5.7 | – 0.3 | 14 |
| Executive offices | Public administration | 81.0 | 35 | 13.8 | 5.4 | 5.9 | – 0.5 | 18 |
| Photographic studios | Services | 80.5 | 63 | 15.9 | 4.9 | 5.5 | – 0.6 | 26 |
| Vocational schools | Services | 78.5 | 52 | 15.2 | 5.5 | 5.5 | – 0.6 | 26 |
Annual rental revenue estimate
$1,826,000
Current property uses
- Services
- Programming, data processing
- Offices and clinics of doctors of medicine
- Candy, nut, confectionery stores
- Engineering, architectural services
- Management, public relations services
- Finance
- Insurance agents, brokers, services
- Manufacturing
- Food preparations, kindred products
Additional information on location
Commercial potential
- Visitation: 5.9
- Business: 7.6
Location with moderate accessibility to top centers, and average concentration of visitors and businesses. Visitation is above Business score, an opportunity to grow business diversity.
Key definitions
- Location Liquidity Rate: Number of Business Categories in the Best Use Basket as a % of total number of Business Categories. Higher rate offers better commercial flexibility.
- Best Use Basket (BUB): Composition of Best possible Uses represented by a list of Business Categories for the Selected Address.
- Best Use: A Business Category that extracts the highest possible economic value of the property.
- Business Category (BC): Category of business defined under Standard Industrial Classification (SIC) 4-digit level.
- Match Rate: Measure of how well a Business Category matches the Best Use Basket.
- Location Risk Score (LRS): Indicator of the Commercial Potential of the catchment area around the property.
- Delta: Measure of commercial advantage or disadvantage of the Selected Address over Benchmark Addresses.