how much is 10 acers of developed land worth

5 acers are wooded.There is a mobile home slab on it, a small barn ,water septic well and electic
In Selling Property - Asked by Larry W. - Dec 29, 2011
Report Abuse
Answer this Question


Angie S.
Prescott Valley, AZ

Hi Larry,
Your best bet is to contact a local real estate Agent because they are familiar with your local market and are the best qualified to tell you what your property is worth. If the property is zoned commercially then contact a commercial Agent.
Angie Sumner
Commercial Real Estate Agent

Dec 29, 2011
Report Abuse
Sheri Dawn P.
Wichita, KS

Hi Larry,
I agree with Jack F. you must find the most comparable SOLD price to similar sized land site within the closest proximity to this site. Real Estate is very region specific and best to contact a Licensed Real Estate agent local to this site, that REALTOR should have resources to find the most comparable sales and what they sold for to compare. If this site is on a major Hwy in the path of Commercial Growth or urban residential sprawl may affect the value in comparison to other less exposed sites. Developed Land, that with utilities to it suitable to your intended use is certainly more valuable than property that have not had those utilities connected to land, this cost can be as much as or greater than the land value itself.

Dec 30, 2011
Report Abuse
Toby B.
Marysville, WA

Hi Larry, What city/state is the property located? A properties location greatly determines how much a property will sell for in the current real estate market. Below is a link for a similar property in my market area with a mobile home on 2.33 acres.

Dec 31, 2011
Report Abuse
Al G.
Mahwah, NJ

One other item to keep in mind is the terms of a sale you are willing to accept. If you simply want to sell "as-is where is" you will get much less than if you are willing to sell "subject to approvals". Your local agents will be able to give you insight to what your options are, and how best to market to viable developers. In addition, if you are willing to let the developer "take down" the property in units instead of a single purchase, you may realize even higher gains. Bear in mind, that you also risk holding on to the property for some time before you receive the payoff.
Ken Fioretti

Jan 9, 2012
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question