How to calculate value of land?

[Nick Capriotti]

Im curious to know if there is some way to figure out the value of vacant land. I found a vacant lot, 100x100 with possible sub-division into 2 50x100 lots. I'd like to hear what you guys may suggest or what you think of this. Thanks!

[J Scott]

Determine the highest and best use of the land.  Determine the costs to build to the highest and best use.  Back that out, along with the fixed costs and the likely desired margins a developer would want to see to develop to the highest and best use.  That's the value of the land.