Looking for builders / developers that do teardowns in Maryland

[Lenzy Ruffin]

I've tracked down a property owner of two neighboring houses in Hyattsville, MD 20781. Each house is a teardown. One house sits on a lot just under 14,000 sqft. The other house sits on a lot just under 18,000 sqft. The owner is interested in selling both properties together.

The homeowner pointed out the square footage and the opportunity to subdivide the lots and is looking for an offer that reflects that value. I don't know how to do a MAO calculation for a teardown / subdivide / rebuild, so I can't make an offer to the homeowner at a price that will make sense for the builder who will actually do the work. The ARV for SFRs of 1000-1500 sqft in this part of Prince George's county is $300K+.

I'm looking for a builder who is experienced with this type of project who wants to work together to construct an offer for the homeowner. That could be as simple as telling me what formula to use and what other factors to consider in constructing the offer. If the homeowner is willing to sell at a price that makes sense, I'll bring that deal right back to the person who advised me on how to construct the offer. 

I'll gladly accept any advice on the MAO math from anyone, but what I'm really looking for is someone with the capacity to take down the deal to tell me how to calculate an offer for these two properties that meets their criteria and that way I'll know I have a buyer if I can reach an agreement with the homeowner.