So a few things:
Firstly, here is the assessment for the land. According to them its worth under $3500.
View attachment 3217900
Next up, because it's rated for Timberland, if he wanted to sell off the timber, it runs about 3k an acre, thats not including the cost to actually cut it down and ship it. So for the 70ishk max he's looking at maybe 25k after negotiating with a logging company.
Here's the report:
View attachment 3217906
I'm including the entire report as an attachment.
Finally, if any of this land is under sea level or near water features, or depending on how its zoned, such as timberland, it most likely can't be subdivided much if at all. Again, based on zoning, what type of buildings could be limited as well. This land is worth about as much as the ring, lol.