You cash flow for XX number of years and then sellout to a developer etc.Just think about a property as raw dirt and the building is the improvement on it which might change over time.

Its still Raw land at this point, and he probably doesnt have the knowledge or skill set to do this on his own.  

We are looking at building and developing some storage units on raw land but had some questions.  

As in any area there are more areas with hanging fruit than others but there are opportunities everywhere.

Raw Cap rate ROI3. 1 year ROI with equity net Cap Rate4. 2 year ROI with equity net Cap Rate5. 10 year ROI with equity net Cap RateOnly then can you compare properly to the stock market for yearly return.

But I don't know your zoning laws or the demand for raw land in your area.I would dig around and see what land in your area trades for but this doesn't sound like the greatest deal in the world.

Rental Income:$900Bedrooms:3Property Tax:$140Bathrooms:1.5Insurance/HOA:$60Size: (sq ft)1,618 Property Mgmt:$72Price/Sq foot: $59Cash Flow: (Raw)$628Year Built:1920Cap Rate:7.9%

The good thing about it is the raw data available in the MLS.  

The land is raw land and my goal is to develop it into a small subdivision.

These are nice but not alway that fruitful.