Answer
May 18, 2020 - 10:50 PM
Hi,
Thank you for the compliment on the website. We put a lot of time into trying to make it helpful.
In terms of pricing, there are a lot of factors that go into establishing fair market value.
In your situation, the most important ones are:
1. The proximity of the nearest private land where the tower might be approved by the city/county.
2. Location of other existing towers nearby
3. What else is around the subdivision (what else will this cover)
4. Are the streets in the subdivision private or public? (If the latter, then the carriers can put small cells in the rights of way at hundreds of dollars a year and may not want or need a tower)
Generally, if we were to assume that there are no other options (including small cells) and your property is completely unique) I would start looking at $1500/mo and it could go up substantially from there if multiple carriers are interested.
Thank you for the compliment on the website. We put a lot of time into trying to make it helpful.
In terms of pricing, there are a lot of factors that go into establishing fair market value.
In your situation, the most important ones are:
1. The proximity of the nearest private land where the tower might be approved by the city/county.
2. Location of other existing towers nearby
3. What else is around the subdivision (what else will this cover)
4. Are the streets in the subdivision private or public? (If the latter, then the carriers can put small cells in the rights of way at hundreds of dollars a year and may not want or need a tower)
Generally, if we were to assume that there are no other options (including small cells) and your property is completely unique) I would start looking at $1500/mo and it could go up substantially from there if multiple carriers are interested.
By
Hi- thank you for the compliments. I wish I could help you here- but while there may be comps for a lot approved for a cell tower, I have never seen a lot sold with zoning for a cell tower that was sold for the purpose of erecting a tower. Some companies have bought lots in order to put towers on them- but they don't come with zoning- the buyer gets the permits.
I suspect that it is possible to reverse engineer the value by determining the fair market value of a lease on the property, but even that would be hard to do because there is no guarantee that the lot would chosen by a wireless carrier so its essentially a specultive purchase.
In other words, until a carrier is interested, there isn't much value in a lot zoned for a cell tower. In your case there may be more value though because I presume the subdivision surrounds the lot and it may be difficult or impossible to get permits for a tower otherwise.
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