Own a piece of land with a few acres. Companies have reached out to lease and I’m not sure where to begin
Hello! I apologize if this isn’t the right place to post, but I own a lot with a few acres on it that companies have been wanting to lease. I have had a few offers and not really sure what to value the land at. How do I begin finding out this information? If anyone can DM I would share more information about location and specs if that helps.
[{"id": "it3vuob", "text": "Look up who has a real presence as land broker in your area and give a few of them a call. You\u2019re gonna want a broker and a RE attorney for Land Lease.", "replies": [{"id": "it492yz", "text": "Thank you for the info. That\u2019s where I\u2019ll start", "replies": [{"id": "it4rk2m", "text": "Do you want to sell or lease?", "replies": [{"id": "it4wir5", "text": "Lease", "replies": [{"id": "it4ymf4", "text": "What\u2019s the zoning? IOS is about $3,500/acre", "replies": [{"id": "it7au5t", "text": "That's... Highly dependent on location.", "replies": [{"id": "it7b215", "text": "Correct. But when OP is super vague. Sometimes any number helps.", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "it4pnyy", "text": "I strongly recommend you look up local brokerages, both large offices and small. I would reach out to whom ever does land sales and/or leases, describe the situation *without* naming the company that reached out and ask the brokers you speak to what they\u2019ve done that\u2019s similar to this scenario. Use your BS sniffer well here. Anyone who rushes past that to sign a listing or push you for info may not be what you want. Also strongly recommend a good RE attorney. Not just a lawyer that knows the terms. \n\nIf you\u2019re in Washington State, I do land form Bellingham down to Yelm. Sorry for the shameless self-promo but we all gotta eat.", "replies": [], "depth": 1}, {"id": "it56csp", "text": "Negotiate to the price you want to receive as passive income enough to cover your living expense. Simple as that as long as you get yourself a decent real estate lawyer.", "replies": [], "depth": 1}, {"id": "it56wr1", "text": "Get an attorney", "replies": [], "depth": 1}]