Which factor is NOT considered in determining the highest and best use of a property?

In the context of determining the highest and best use of a property, historical significance is often not a primary factor considered. The highest and best use analysis is focused on identifying the most profitable, legally permissible, and physically possible use of a property that maximizes its value. This process typically evaluates factors such as legal restrictions, which encompass zoning laws and land use regulations; market demand, which assesses current and future consumer needs and preferences; and potential profit, which estimates the expected financial returns from various uses.

While historical significance can add value in certain contexts, particularly in preservation or redevelopment scenarios, it does not typically contribute directly to the financial assessment of a property's most advantageous use. In many instances, historical significance may be more relevant to community or cultural considerations than to the quantitative analysis that underpins highest and best use determinations. Thus, this option does not align with the core economic principles underlying the assessment of property use.