I calculate them based on my "hold cost" which is built into my spreadsheet.

Im told by the local planner verbally that I could build a 1700 sq ft town house on it.

They were built in the late 1890s and have barely been touched in the last ~10-20 years.

I have built four (4) new construction duplex houses in NOLA, with another one currently under construction.   

@Andy Mirza Basic comps in this part of town of silverlake go for mid millions.

A few bought notes (1st mortgage) thinking they own the estate found out the people who sold them the notes changed the names on the title to theirs and fled.This happens more on property managers who manage and pay mortgage for out town investors.

There is new construction going on and that part of town seems like a better investment option. 

Although a flip in our town would work (I’m going to call the owner of a vacant off market property this week).

Would love to meet up next time you come into town. 

Think of it as your commercial zone in your town.