Long term it will be prime development land for residential and/or commercial, whether it is us to develop or sell to a developer.... we may subdivide and sell some of it in the short term, so we don't wish to erect structures or change zoning to make development harder down the road.   

Cost of the building package and erection is covered.

In Franklinton there are plenty of large projects going on that will bring massive growth to the west side of Columbus, such as the Peninsula Development, which is a multiphase project that will erect a 24 story apartment complex featuring a grocery store, a multi use office space building, and a new hotel featuring a two-story venue.

And can I get away with only getting permits on new electric & moving plumbing, but demo,  erect walls myself and things like that?

Each STR unit that I would erect here would cost in the ballpark of 3k each and I won't elaborate any more on that.

In Franklinton there are plenty of large projects going on that will bring massive growth to the west side of Columbus, such as the Peninsula Development, which is a multiphase project that will erect a 24 story apartment complex featuring a grocery store, a multi use office space building, and a new hotel featuring a two-story Pins Mechanical venue.

It is different for the elderly couple who has lived in their house for 30 years and now has a large building constructed directly next door and wants to erect a fence that exceeds the max height allowed.

  $3,200 erected per unit; 3 acres at $??

They work on those big erections of steel you see at a petrochemical refinery and associated nitrogen fertilizer facility. 

How would I value it if my plan was to erect another unit?