How can I roughly determine Land Value in Fort Lauderdale?

[Eddie Gonzalez]

Hello everyone, I would like to put an offer for a 9,766 SqFt land lot in Ft Lauderdale. To build a new house

My guess is that I should call a contractor and get the price per square footage for new construction. Then somehow reverse engineer the numbers for my offer price. So price per SqFt of a new construction will be Repair costs then using properties ARV I would have to subtract so it makes sense the investment and the difference would be the offer for the land isn't it? This is just a guess... looking forward