Land Value After It's Shovel-Ready?

[F. Todd Ryan]

I've seen some pretty healthy asking prices for land where all entitlements were obtained & approved.

Also, I do understand that there's a cost paid to the geotech, architect & city prior to approvals.

But... Is there a formula to how much more that land is worth when it is shovel-ready?

Thanks in advance.

[Stephen J Davis]

I don't know much about raw land but I would think that you reach out to 2 or 3 agents or brokers that specialize in land sales and get their advise. A developer would be a good person to talk to as well if you can find one.