Financing tear-downs: land value> $/sq ft

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In hot markets with a lot of investment happening in new construction how do non-cash buyers confront appraisal issues where the land value exceeds a price per square foot value using a sales comparable approach? I am already starting to look for another lot to buy and hold for a few years as a rental with a future ambition to build another personal residence. The challenges I faced financing my current tear down competing with builders paying a premium with cash were daunting. Anyone see appraisers defer to a replacement cost approach for these types of tear-downs to more accurately reflect fair value? I realize this is unique in that most people building will probably finance the land (which could include a tear down) and improvements in a single step rather than a two step process.