Split a 9.8-acre parcel into three 3-acre lots and sell each at $30 per square foot. Local rules allow up to five subdivisions without extra permission. You'll roughly double your money compared to selling the whole thing at once.
Are you pitching deals in the deal room? What we need to do is look at the fact that this is 9.8 acres, and if we gave easement and access, we can sell it for twice the money if we break it up. If we were able to subdivide this into 3, 3-acre lots, look right there, $30 a square foot. Like, so that's kind of where, that's kind of where you got to look at this thing from is like, huh, well, what if instead of having 9 acres and we do all this big bullshit, what if we made 3, 3-acre lots and sold them to— because we don't need to, we don't need permission to split it. As a matter of fact, we can divide any each size lot up to 5 times without permission. So if we made 3 3-acre lots and sold them at $30 a square foot, now do the math on that. After looking at this for a minute, we discovered that if we subdivide this from 9-acre lot down to 3 3-acre lots and sold them at the price of the 3 to 4-acre lot square foot price, how much of a margin is that between the selling of the 8.5 and where we would end up on our, our total after we split and divide and sell?
