FEASABILITY STUDY
1. A study of the cost-benefit relationship of an economic endeavor. (USPAP, 2002 ed.)
2. An analysis undertaken to investigate whether a project will fulfill the objectives of the investor. The profitability of a specific real estate project is analyzed in terms of the criteria of a specific market or investor.
3. Often interchangeable with investment analysis. Both studies forecast property revenues and expenses. Feasibility analysis is more often undertaken as part of a highest and best use study for a proposed property use.
Also called a highest and best use study; economic feasibility study; or financial projection study. (The Dictionary of Real Estate Appraisal, 4th Edition)
Putting together a project, call me (908) 354-4494, lets see if its feasible.