I'd contact a well known developer in that area for their thoughts on presenting your project to any zoning commission and the notices likely required.Before I went to all that trouble and expense, I'd talk to your lender doing a commercial blanket loan on all ten properties where they could consider the income approach over the market.

You get the most exposure with these methods but good agents have multiple developed marketing strategies.

I'm passionate about all things real estate, but especially student housing, multifamily, commercial build-to-suits, and land development.

From that, subtract any improvement/building costs, subtract soft costs and subtract equity/profit that a developer would expect, and you can get an idea of what the land is worth.Sorry to be so vague, but it's unlikely anyone here can offer more detail without more information.

Have you tried using the calculators that BP developed located here.

I have been working for a large property developer in downtown Indianapolis as well as working for law firm that primarily handles real estate related matters.

After fighting with a big national bank on a couple mortgages, I stumbled across a local/ regional bank that has been great to work with.

Upcoming special assessments for a roof that needs to be replaced or other capital improvement can kill your deal and once you're in, you're stuck with the bill if you don't negotiate the seller to pay it.And last but not least, if the building/association drops to less than 70% owner occupied units, forget about getting a loan in the development until the percentage goes back over 70%, which can kill your exit strategy.I don't mean to rain on anyone's parade, just be careful out there!

The national average would be much higher if not for the Atlantic region (slower economy, not as much increase in real estate prices).

This property is a stone throw from 10's of millions of dollars in new development.