Unlike other real estate assets with income in place, the return on investment in land comes when it is either sold or developed. Knowing the highest and best use and market timing greatly impact value. We work with land owners to provide them with current market valuation based on the As-Is market value with current zoning and other forces in place, as well as a highest and best use valuation based on probable zoning and entitlement changes and market demands. Different from and appraisal that can only look back at recent comparable sales, we look forward to what your investment in land can become and then help you position it so that at the time you are ready to develop or sell the property you can maximize your return.
OWNER INVESTOR SERVICES
- Analysis of As-Is Market Value – Different than a appraisal we can look at market conditions and other data to determine a market value range when truly comparable sales data may not exist. For sites with structures in place with or without income we can compare values with existing structure and income to land values.
- Highest and Best Use Analysis – We look at current economic drivers and demographic conditions, current demand based on product type, we can work with a land planner to prepare a schematic land plan that adheres to municipal requirements and maximizes the site’s ability to meet market demand and implement an exit or development strategy.
- Assessment of Development Opportunities and Hurdles – Availability of utilities, municipal development incentives, future infrastructure improvements, overlay districts and land use plan amendment. All of these chance impact property value and the ease at which entitlements can be garnered.
- Target Buyer/User Study – For clients seeking an “off market” exit strategy we can identify buyer candidates or joint venture partners for those seeking a more confidential transfer of ownership. Having relationships with developers, investors and owners of all real estate product types all over the country we can work on your behalf to bring the appropriate buyers and or partners to the table.
- Analysis of Economic, Demographic and Market Forces and Trends – We look at all the factors that impact the market place – economic drivers, traffic, infrastructure, schools, consumer preferences, design and product trends. We start with the big picture and then work our way to the details that need to be implement in order to meet with success.
Venture Development Consulting Group 