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Updated almost 6 years ago on . Most recent reply
Valuing vacant commercial zoned land
Can some one help me value a commercial piece of property? It is zoned business general and consist of approximately 100 acres. No structures are on the property and it has access to a main highway. I have found 20 acre sites with an asking price of 7m, but they have more road frontage.
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Ronald Rohde
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Very difficult to value, must look at the value in current use vs what you think the future holds. Master developers will likely low-ball you an offer if the demand is there. Otherwise find a local broker.