Best way to find out how much my vacant land is worth?

[Diana L.]

Hello,

I live in NYC and have owned 80 acres of vacant land in the state of Washington for about 10 years now. It is completely paid off and the only thing I pay are the yearly taxes. (which are minimal).

What is the best way to find out how much my land is actually worth? I have looked on Trulia and Zillow at vacant properties in the same county and it appears as if the price has gone up significantly from when I purchased it. What I am concerned about is if these vacant properties are actually selling. I am not in great need of the money, so I do not want to sell it for a low price. 

What I would like to do is possibly sell a portion of the land and do a 1031 exchange.

Are there any sites that show recent sold prices of vacant land? I contacted a few of the agents I saw as the listing agent on other properties in that county and nobody has responded.

[Creig Leu]

I'm not familiar with the area but where I'm from renting it out as farm ground works pretty well. Not the greatest overall returns but it's so passive and there isn't any cap ex. Adding irrigation depending on the area can bring in better rent too.