I’m trying to value a 15-acre rural parcel in a county where almost nothing has sold in the past two years. Every valuation method I try hits a wall with no comparable sales. How do land investors handle this?
If nothing has sold, then there probably isn’t a buyer pool. I would stay away from this parcel for now and keep tabs on the market to see if there’s any movement in the future.
This is a common challenge with rural land investing. When there are no recent comps, I’ve found it helpful to expand the search area, review active listings, and consider factors like access, utilities, terrain, and potential land use. No single method is perfect, but combining several data points can help create a more realistic valuation. There’s a related discussion on determining vacant land value here that offers some useful insights as well: How do you determine the market value of vacant land?