Is this still valid information?

Quote from @Matthew Steele: Don't fall for this trap!

This is what I recommend to new investors who contact me asking if these numbers look good. 

Yes this is probably the best strategy for brand new people, but they need to study well and apply (like anything). 

Or is this normal?

Quote from @Michael K Gallagher: Quote from @A Rao: I invest in land and have done entitlement/zoning and other DD work successfully for years.A broker called me this morning on a property I have on a busy interesection and has a QSR client who likes the location, but does not want to do a ground lease, only a build to suit. 

I appreciate the input and with think through this decision.

Of those two, I actually like the first one better because you have a competitive advantage to that market and the amenities you could provide.

If that isn't the issue, the next most likely issue is an underground leak. 

There are other submarkets of Columbus like upper Arlington that have higher like $500 per square foot but the purchases are tear downs at $200 per square foot so the real exit is $300 or so.