The most obvious is answer to the question - what is land worth -- is derived from CMA, or competitive market analysis.  

@Noelle Carter thank you for the Bungalow suggestion, I had not heard of them but scheduled a call to get more information.In terms of marketing for sale, it was on the MLS several times and was distributed through email blasts to our agent's network, but our agent basically told us he did not think he could sell it after multiple attempts with no interest from 460K down to 420K.  

It's not uncommon for operators big and small to raise additional cash from investors to use for distributions while the property stabilizes.

The court can distribute the lease rights to one party or the other based upon a number of factors. 

Interestingly though I just came across this article about how Amazon is opening a distribution facility at 1260 N Kostner in 2022.

PA is not a community property state it's an equitable distribution one.

And then after the 1031 is complete you then dissolve the LLC and quit claim the new property into your names.In general contributions into and distributions from an LLC are not taxable events. 

If you want them in your account you would have to distribute them from the LLC.

@Brandon Lashmet It sounds like you'll have the parent holding company own underlying entities, in that case, no, as long as it's done clean and you keep records of profits/revenues being distributed "up" to the parent holding co. this would not be comingling because the parent holding co. is simply a vested investor in the underlying companies that are kicking dividends/distributions.  

Alot of things in today's world were derived from some past idea that was executed and brought into fruition from someone else at a later time.