There’s a subdivision I’ve got a few tentative deals in, but the parcels might not have legal access. They’re not landlocked, but have the possibility to be in the future.
Properties are slow moving priced at $1-$5k/acre out there, but those are ones without potential access problems. What type of price would be your max?
I’ve got a 5 and 10 acre I’m looking at.
I’m thinking $3kish per 5 acres? That sound about right?
Not sure if there’s a good rule of thumb?
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