Build-to-Rent Development Land Offers in 5 Easy Steps
How to Value Vacant Land for Development
Learn how to determine offers for any piece of land in your development biz plus get funding for all of your projects!
This training walks you through 5 easy steps on determining the value of vacant land for build-to-rent projects:
- Density Study
- Determine As-Built-Value of the Project
- Back Out Desired “Sweat Equity”
- Back Out Costs
- Arrive at Max Land Purchase Price
We also dive deep into Step #2: Determine As Built Value of Development:
- Determine Unit Mix
- Determine Unit Size
- Run Rental Comps and Build Pro-Forma
- Calculate Annual NOI
- Apply a Market Cap Rate to NOI to determine As Built Value