Leslie, to get a better answer, you would need to be more specific about the zoning and potential zoning of the property. Otherwise, the answers will be all over the board. Appraisers look at what the "highest and best use is". That helps determine valuation.
For example, in residential the most valuable part is being able to get a building permit on the lot. If the lot is twice the size but can still only build one home, the additional value might be only 25% more, not double.
You should not treat real estate as a commodity since every piece of ground or home is different. Buying/selling real estate by the square foot or acre would be like buying a car by the pound or your cloths by the yard.
Typically, Realtors will offer a free market analysis of your property if you are looking to sell.
Hope that helps a little!
Jim Paulson, CRS, GRI, EPRO, SRES
Owner/Broker - Progressive Realty Corp... more
Fisherman11, without knowing the location, size, water frontage, access, water and septic, etc., it is very difficult to give a correct market valuation. If you would like to email me the legal description of the property I can help you with that.
Coldwell Banker Schneidmiller Realty