Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
6mo
I would hire a consultant who specializes this an run a full blown analysis of what it would cost to develop each and what the revenue/value of it would be. John burns and other companies specialize in this type of analysis.
I’ve started putting together preliminary numbers and scenarios to understand what different approaches could look like from a cost and return standpoint. A more detailed third-party analysis would definitely be the next step for a buyer looking to fully maximize the site.
Part of what makes this property interesting is that it isn’t limited to one strategy—so the “best” path really depends on the investor’s experience, capital, and timeline.
Appreciate you mentioning that—firms like that can definitely add a lot of value in refining a development plan.