Commercial Valuation question

[Caleb Chandler]

Good Day,

I am writing here today, as I am struggling with a valuation of an opportunity for listing. I am familiar with the valuation approaches, and highest and best use. However, I am a bit confused with what peers are trying to tell me.

First, we found some properties that we felt are solid comps for our sales comparison approach, one of which included a sale that hasn't yet closed, but clearing has started for a national restaurant (1/4 mile same street). Another was adjoining to the subject property, and a third was purchased just down the street (1/4 mile).

Unsettled sale was for $750,000.00 and cleared. (corner lot) 1.91 acres

The Next was most likely purchased for it's highest and best use on a corner lot, and sold for $840,000.00. It has 2 houses on it, one of which is collecting $1000.00 per month. 2.29 acres

The third was purchased for $575,000 for the purpose of a vacant lot. 1.68 acres

The subject property in close proximity in the same neighborhood.

The subject property (.89 acres) has been grown around, and has some improvements on it. Not conforming to the neighborhood, but are income generating. The property is currently netting around $18,000.00 per year.

Based on the information above, what do you believe the value would be (roughly)? What would you call the highest and best use for this property? Etc?

I have debated what I feel the property is worth with some peers, and was hoping maybe some of you folks could shed some light on this.