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Updated about 4 years ago on . Most recent reply

User Stats

33
Posts
13
Votes
Aaron Jones
  • Investor
  • Abbotsford, WI
13
Votes |
33
Posts

I Need Help Evaluation Vacant Lots

Aaron Jones
  • Investor
  • Abbotsford, WI
Posted

I’m looking for help regarding finding the value of empty lots in Alpharetta, GA.

Most Popular Reply

User Stats

176
Posts
110
Votes
Lamont Chen
  • Realtor
  • Hudson County, NJ
110
Votes |
176
Posts
Lamont Chen
  • Realtor
  • Hudson County, NJ
Replied

@Aaron Jones I would suggest connecting with a investor savvy realtor in the area which you are looking to purchase lots. A large part of the value is what you can build with that lot (zoning laws), location, architecture, cost of the build (local builder), and comparable sales or rent in the area are for that structure.

Example: Land = 50k, Build = 125k, and if comparable sales are 275k then you could net some profit.

Not perfect math but some rough estimates can give you a ballpark estimate if it is or is not worth it.

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