Land Assembly Valuation

Concept Plan

How do you value property on a land assembly deal?

You might go to the MLS, look at active and sold listings in the last few months, look at trends and list comparbles and come up with a number. 

Here is where Commercial Real Estate and Planning Architecture join forces.

The Value of Land is based on the masterplanner's vision and the final built product price on the day of acquisition. 

Massing Study

Vision for land is created by: 

• Site Analysis 
• Masterplanning 
• Massing Studies 
• By-Law Interpretation

The aim is to build agreement between Buyers, Sellers, the City and ultimately the local community to come up with the highest and best use of the land and find a solution where everyone wins.

When we do the right amount of the upfront work to create vision by Site Analysis / Masterplanning / Massing Studies and By-Law interpretation, the whole process can be much smoother and well-reasoned.

Apart from managing the complexity of price through 'residual land value' calculations, the terms of sale in a commercial deal often involves some inventive responses as we satisfy the Stakeholders needs. This is always fascinating because there are lots of interesting moving parts.

Our ultimate aim is three things:  Find a solution that excites the Developer, satisfies the Seller and creates Value.

Let it Grow, Let it Grow, Let it Grow

When two becomes three. 

28,800 square feet is created by a three lot land assembly on the strategic commercial corner in White Rock. There are great water views down Nichol Road and the site is ready to take a mixed use commercial development. 

A positive response is expected from the City planners as the site is not so close that it will detract from the town centre; the higher density will create much needed diversity in housing stock and the location helps create a walkable neighbourhood with less dependance on the car.

Commercial Real Estate in Canada - seeing the forest and the trees

The properties of British Columbia have great value and potential, especially when neighbouring properties work together to form  large parcels of land which can be effectively developed. 

Acting as a commercial land broker, I specifically look for land owners who would like to share in the profit from the development process by selling a large parcel of land or who are happy to join forces with their neighbours and sell together.

I also come alongside buyers who want to develop land and help them decide on the right building type so that their ideas will fit the needs of a new community and therefore sell well. 

It should have been obvious I guess, but it turns out that a being a foreign Architect really helps in seeing all sorts of possibilities as a land broker and development consultant.  

I get to see the forest and the trees.