What does the term "gleaned from property" refer to in property appraisal?

The term "gleaned from property" in the context of property appraisal refers specifically to the value derived from using the property for its most profitable use. This concept aligns with the principle of highest and best use in real estate appraisal, which evaluates how a property can be utilized to generate the maximum return on investment. By focusing on the property's most profitable use, appraisers ensure that the value reflects potential income generation and practical application, leading to a more accurate assessment of worth.

Understanding this term is crucial because it emphasizes the importance of considering various factors, such as zoning regulations, market demand, and overall economic conditions, to determine the optimal way to use the property for maximizing its value. Appraisers analyze these aspects to provide a value estimate that is not just based on current market trends but also on the property's potential to yield income or appreciate over time when used to its fullest extent.