Uneven property steep in potential or headaches?
What are your guy’s  thoughts on sloped commercial property? I live in a hilly area and lots go up all the time for commercial space that is in a prime section of town but it’s sloped. I’m thinking that short of making use of some TNT to flatten it out there’s not a whole lot of use of the land other than, with a city permit, putting a billboard to benefit from the cars that drive by. I noticed that a guy on YouTube gobbles up property like this, sticks a for sale sign, and hopes for an impulse buy for whatever figure he pull it pulled out of thin air.. Has anyone grabbed some heavily sloped land in their area and how do you calculate the valuation against comps that are flat or only modestly sloped?
[{"id": "feijm00", "text": "I've worked on developments with significant grade changes. There's a lot that goes into the viability of any site, so the process and valuation is no different but the dollars attributed to site work are much greater and can pretty easily put a deal upside down. Really need to have a good grasp on those costs to know. In general, if the site is both shallow and steep, there's probably not much you can do with it. \n\nSteer clear of RE advice from Youtube. Those guys are just trying to get clicks and usually full of shit.", "replies": [], "depth": 1}]