vacant property attached to two lots.. please help

[Josue Rivera]

hey fellow investors hope all is well , I am fairly new to real estate investing. as i was driving for dollars I found a lead for a house with a motivated seller. The current house is attached to two additional lots ( undeveloped land) and she wants to sell them all together. The house itself is a 6/4 which could be rehab into 3 separate units based on the current floor plan.

my question is how do i analyze the value of the raw/undeveloped land ( the two attached lots) in order to make my offer??. In order to convert the house into three units it will need at least $ 105k in rehab.

I believe a savy investor can turn the current property into three units plus develop the two l0ts and build two duplexes or two single family houses ( arv for the area 2/2 130-140k 3/2 160-185).

most houses in the areas are rental properties although is a very convenient area close to all major highways, MLB Statium and 15-20 minute drive to city capital (Atlanta).

i would like to wholesale this deal or possibly partner up on the deal.. any advise or input will be greatly appreciated. Thank you in advance.