What do you do if you have a SUBJECT Property that is a vacant land and there are no vacant sales in the last 5 years. BUT….there have been sales of properties with older properties (not much VALUE CONTRIBUTION to the Improvements)
1) Can you do a DIRECT COMPARISON of Vacant Land sales for this Subject property?
2) What can you do with this information?
2) You can make comparisons with EXTRACTED LAND VALUES from the older home properties.