Flip with 16 Acres of land.

[Eric Betten]

I have an opportunity to enter an auction for a fix and flip attached to 16 acres of land. My plan is to attach an acre of the land and sell it off with an ARV of 350K on the conservative side which is a good deal on its own.

My plan was to carve up the remaining 15 acres into 1 acre lots and sell them off to developers. What is a good way to determine the price of the undeveloped land? I am waiting to hear back from the town on what it is zoned for to see if I can even do this but it seems like a solid plan with good returns. I'm pretty new to BiggerPockets and real estate investing in general but I don't think I've ever heard this topic covered before on a podcast or webinar. 

I would be grateful for any suggestions or resources you would reccomend

Thanks for your time BP community. Keep hustling the good hustle.