@Shaun Sanville, certainly an art versus a science, but I will often take the price per sq ft and use that, but then take a slight discount.  

Our company recently went under contract for 11 acre in Mesquite, TX (HOT MARKET) at what I would think is a steeeep discount..the only way to really know if it's a smoking deal though is to find out if the city will allow us to build.The land is currently zoned AGR-NEC & would like to rezone to SFR or MF to build apartmentsMy concerns are there's large power towers & a small creek running through a portion of the land, don't have a survey on hand either.If anyone has experience dealing with city on rezoning & wouldn't mind dropping nuggets, I would greatly appreciate it! 

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Labor, legal, construction materials will cost more as the years and decades go by with inflation so new builds have higher rents per ft on average by a large margin over existing locations.

I'll go crunch some numbers...I'm not confident there is enough of a market in my city to support the kind of business I'd need to run to support my loans, but I'll look into the numbers for sure before discounting the idea.

Not the person who's just trolling their home out there and won't take a discounted/wholesale offer. 3)ARV is established by running comparable sales of other homes similar to your subject deal.

They then sell to me at a deep discount.

The trim, interior doors, hardware, cabinets, roofing and windows are at a steep discount because they are all canceled orders from people who declared bankruptcy and didn't pay.

Now that we are back trying to buy... retail price hasn't moved or dropped slightly and inventory is growing, but pricing is too high for me to make an acceptable margin.