A real estate analyst questions why an industrial parcel is listed at $897,000 per acre when nearby land sells for $19 per square foot. They demand a comparative market analysis to verify if the price is legitimate or inflated.
Are you a land shark doing deals? Do a CMA analysis of this area for this property. I need to know like how badly we are being overcharged by having it at $897 a square— $897,000 per acre. I want to double check and make sure that land around this area is selling for $19 a square foot. I do know that industrial land is expensive, but justify this price if you would, please, and then let that cook and then hop over in your browser to go grab a map.
