Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Land & New Construction
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 13 years ago on . Most recent reply

User Stats

72
Posts
8
Votes
Ken Sanders
  • Real Estate Investor
  • Malvern, PA
8
Votes |
72
Posts

Trying to comp building lots - HELP!

Ken Sanders
  • Real Estate Investor
  • Malvern, PA
Posted

*** I posted this in the General Real Estate section, but I figured I may have better luck here.***

I'm currently looking at a 1 acre property with a subdivision possibility. On the property is a very beat-up, vacant old home that I'm not sure would be worth rehabbing. I'm basically looking at knocking the house down, subdividing, and then listing the 2 lots.

I'm trying to get an idea of what I can expect to get for each building lot when all is said and done, but I can't find any comps for raw land. I also tried Zillow searching for sold and currently for-sale lots, but only got two results within the same township and those lots are much larger than mine. I kept expanding the map and there aren't even any results in ANY neighboring townhips!

Does anyone have any tips on how I can valuate lots with no comps?

Loading replies...