Hi Klint, I'm new to the investment game but can tell you from my career in residential architecture and working with contractors for our projects that for rough numbers we typically tell clients that they can build for about $150/sf using moderate finishes.

My current rate is 3.75 If I can offer any Architectural or construction advice please feel free to reach out

the wide lenses are expensive (OEM nikon lenses are thousands), but another thing you can do is do "panorama" shots..

Also where utilities are located and any easements needed to tap in for commercial applications.The traffic count on that side of the road and any cross streets will play a role as well.The 2 acres her land sits on might not be as valuable as the Kmart and Target side or it might be more valuable to the right corporate tenant.They have varying degrees of criteria and like different things for different reasons.The more elevations and dips the property has the more it will cost to grade it.Going vertical is mostly the same cost but the grading and other issues to get there is where costs can get expensive.Demoing a house is very cheap and not that much of a concern for a developer cost wise.What does concern them is the city and county architectural requirements to build there,traffic lights,road ways,required retaining walls do to slope issues,soil composition with drainage issues and or rock formations,rivers and streams with endangered species,historical sites or houses,properties next to funeral homes or graveyards,etc.Those types of things along with of course demographics are of a big concern to a developer.If the 2 acres is on the corner or next to it where a pass through from the corner property once built out can be obtained you have good value.The further it gets away from the corner the more it limits who wants to be there and what price will be paid for it.

I have read all 29 pages of the historical district criteria for the property and we could build new just have to have to same architectural design of the neighborhood.

After closing, we spent a month doing design, architectural drawings and getting permits.

Then architectural, engineering, broker fees, attorney, and amount paid for the land to get a potential profit.Based on ones I have done I think the seller is not even in the same planet as what a developer would pay.

After a bit of research at the county planning office, I found a full set of approved architectural plans, (worth at least $25,000) and receipts for over $20,000 in paid impact fees!

Check out this awesome 3d printed room . . . do you think 3D printing technology is the future of architecture?

I am  a recent architecture student graduate and what to develop and design my own projects.