How to calculate the increased value of merging two commercial properties?

I am looking for a way to calculate the increased value of merging two properties together. Ill throw some specifications and characteristics. Is there any calculator for this purpose? Or one that can calculate the new lot considering differences in land proportions, commercial front, etc?

Property 1: – 32 feet of sidewalk front. – 3,800 square feet of land (narrow).

Property 2: – 45 feet of sidewalk front. – 5,300 square feet of land (narrow).

High commercial sidewalk. Land would change from two narrow properties of 32 and 45 of commercial front and 150+ feet deep to a 77 feet of front and 150+ deep. These properties get narrower and narrower in the back, so the new lot would be closer to 2 to 1 ratio in side lengths, instead of 4 to 1 avg.

Say one property is worth $345k and the other is $485k… What kind of percentage increase in the total value could be expected when merging the properties? or would the value stay the same in proportion? Is there any calculator around that could be applied here? TIA.

submitted by /u/Penzare
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I am looking for a way to calculate the increased value of merging two properties together. Ill throw some specifications and characteristics. Is there any calculator for this purpose? Or one that can calculate the new lot considering differences in land proportions, commercial front, etc? Property 1: – 32 feet of sidewalk front. – 3,800 square feet of land (narrow). Property 2: – 45 feet of sidewalk front. – 5,300 square feet of land (narrow). High commercial sidewalk. Land would change from two narrow properties of 32 and 45 of commercial front and 150+ feet deep to a 77 feet of front and 150+ deep. These properties get narrower and narrower in the back, so the new lot would be closer to 2 to 1 ratio in side lengths, instead of 4 to 1 avg. Say one property is worth $345k and the other is $485k… What kind of percentage increase in the total value could be expected when merging the properties? or would the value stay the same in proportion? Is there any calculator around that could be applied here? TIA. submitted by /u/Penzare [link] [comments]

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