Land comparing pricing

[Dan Sager]

Any recommendations on how to comp 10 acres? There has been no recent land sales in that area. Seller bought for 1.2 million in 2003. Wants 1.6 for it now. It is R1 zoned

[Cason Acor]

I would call a couple appraisers in the area and ask their opinions. Otherwise it might just be worth what you're willing to pay for it. A $400k increase in 19 years doesn't sound unreasonable to me.