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Started By
Message
Price per Acre of Unimproved Interstate Land
Posted on 7/7/17 at 2:16 pm
Posted on 7/7/17 at 2:16 pm
Looking at purchasing a 20 acre track of land that is on I-10. The land is heavily forested with Mature timber and located on the outskirts of Lake Charles.
I'm wanting to know what would you expect to pay per acre given the information above and what are you basing that opinion on.
I'm wanting to know what would you expect to pay per acre given the information above and what are you basing that opinion on.
4
Posted on 7/7/17 at 3:13 pm to eyepooted
About
Tree
Fiddy
Tree
Fiddy
Posted on 7/7/17 at 4:28 pm to eyepooted
It's not enough information to really give you a good estimate, if you ask me. What kind of timber are we talking about? How mature? Any decent hunting? Is it easily accessible from I-10? How desirable is it for potential commercial development? Because if it's desirable I'd imagine the current landowner already knows so and will have a much higher price in mind than normal timberland prices.
If it was just normal timber a bit off the beaten path I'd probably say anywhere from 2-3 grand. Once you start talking along major thoroughfares all of that goes out the window.
If it was just normal timber a bit off the beaten path I'd probably say anywhere from 2-3 grand. Once you start talking along major thoroughfares all of that goes out the window.
Posted on 7/7/17 at 5:29 pm to Decisions
quote:Developers often set the max price they're willing to pay for a site by setting a maximum cost per square foot of building area. A typical number for an industrial development is $8 per square foot of building area. Other opinions abound.
It's not enough information to really give you a good estimate,
Example: If he's building a 100,000 warehouse, then he's got $800,000 earmarked for land acquisition (enough land to accommodate the building and parking). Building-Parking ratio runs approx. 2/3-1/3 with enough wiggle room to pass muster with the local planning peeps and related ordinances.
This post was edited on 7/7/17 at 5:36 pm
Posted on 7/7/17 at 5:40 pm to eyepooted
Per acre, I'd guess without knowing....
350
x10
350
x10
Posted on 7/7/17 at 5:55 pm to jimbeam
35k/acre seems very high to me. That's what they're asking
Posted on 7/7/17 at 6:07 pm to eyepooted
quote:That's $0.80/SF. If the land has all of the attributes a buyer is looking for, that doesn't seem outrageously high. How close is it to the nearest interchange? How many minutes driving time to the interstate. Wetlands? Cost to clear? Centralized water and sewer already there?
35k/acre seems very high to me
Posted on 7/8/17 at 6:21 am to tigerpawl
5 minutes to an onramp for I-210 and I-10 and no wetlands. I'm still trying to find someone to contact for quotes on cost to clear. It will have city water and sewer.
Posted on 7/8/17 at 8:23 am to eyepooted
quote:
It will have city water and sewer.
quote:These are good fundamental talking points to potential buyers.
no wetlands
quote:5 minutes might seem like a blink to a lot of people, but this might be a bone of contention and could rule out some potential industrial/distribution customers. To a residential developer, it might not be a big deal. Not sure who your target audience is.
5 minutes to an onramp for I-210 and I-10
Posted on 7/8/17 at 10:12 am to tigerpawl
quote:
Not sure who your target audience is.
industrial service companies/distribution companies
This post was edited on 7/8/17 at 10:22 am
Posted on 7/8/17 at 9:33 pm to eyepooted
Mike@ramcollc.com
Posted on 7/8/17 at 9:36 pm to Earthmover
quote:Do you like your Marsh Master?
Mike@ramcollc.com
Posted on 7/8/17 at 10:59 pm to eyepooted
Wetland will likely be an issue
Posted on 7/9/17 at 10:39 am to tigerpawl
they are great machines. Wish I had a few more this year with the wet weather
Posted on 7/14/17 at 6:09 am to eyepooted
How is it currently zoned?
I am on Bayou D'Inde Pass Road which is light industrial with a recent 37% wetlands evaluation.
Is it located west of Sulphur?
I am on Bayou D'Inde Pass Road which is light industrial with a recent 37% wetlands evaluation.
Is it located west of Sulphur?
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