teardowns dotcom's Q&A

I recall one property I looked at several months ago with the same issue. Although there was a house on the lot, it had very little redeeming value. Essentially, we tried to determine its' development potential, and estimate the maximum allowable FAR based on the distance required from the gas pipeline. Working that way, we came up with a range, and suggested that the seller stay at the lower end of that range. It's never a bad idea to let the market determine the true value..