The best replacement for replacement value is actual cash value.

The best alternatives to replacement value are rated as following:
★★★★★  actual cash value
★★★★★  market value
★★★★  fair market value
★★  appraised value
★  cash value
★  retail value
★  blue book value
★  depreciated value
★  actual value
★  indemnity
★  acv
  replacement cost
  current value
  depreciated value insurance
  reinstatement value
  indemnity value

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replacement value
actual cash value
market value