People always ask, “What does LandGate do, and how can I use their products?” We’d like to share a recent story of one of our clients (SK for privacy purposes), who uses LandGate in a way that no other marketplace or data platform allows. SK did something incredible using LandGate’s platform; something most land investors only dream of. In a period of about 90 days, SK did the following:
1. Subscribed to LandGate’s LandApp tool. 2. Identified several real estate listings that had very high solar value index using LandGate’s data. 3. Purchased one of those properties LandGate's marketplace. 4. Listed his new property on LandGate’s website for solar energy leasing. 5. Closed on a top offer solar lease with a reputable solar developer for the property.
Background
SK is not a land professional and has no experience in the energy industry. He’s a software architect by trade who got into real estate investing. He had rental properties that were generating income and he thought of expanding into land investing.
As he explored his options and found that you can make money leasing your property's resources, SK realized land could become a cash-flowing property just like the rental properties he was already invested in. SK knew that if he were to receive a solar lease, his returns would increase substantially. He just needed a tool that could identify hidden real estate value and then help him transact on that value.
The Right Data is Crucial for Successful Investments
SK was determined to break into the energy industry, so he embarked on thorough research to understand the market dynamics and opportunities. During his exploration, he discovered a cutting-edge data analytics tool that offers unparalleled insights and capabilities. That tool provided him with the vital information and platform needed to effectively locate, assess, value, and transact on natural resources, all in a manner that has never been achieved before.
SK found LandGate’s platform and immediately subscribed to LandGate's LandApp tool. “We got a call one day from a land investor who said he wanted to buy land and then find a solar lease. But SK also wanted some guidance, so we offered that to him as well,” said Eric Thompson, Managing Director at LandGate. “We told him that LandGate has calculated the potential solar, wind, carbon credits, and mineral value of every single parcel in the US and that he could use that data to find the best land to purchase,” Thompson said.
“I work as a software architect and was looking to purchase some land for a possible solar farm. I had no previous knowledge about solar farms. I came across LandGate.com and subscribed to their data solutions and mapping platform. They have a wealth of information there. I also consulted a few members of the LandGate team and they showed me how to assess properties for the required resources, proximity to grid, etc. Very nice people to work with and they know it all. I could find and close on a property that matches some of the criteria and listed it on their site. Within a short time, I got an option-to-lease offer on my property from a solar farm developer. Thank you LandGate!”
How to Invest in Land Suitable for Solar Leasing
Investing in properties suitable to lease for solar energy is very lucrative because solar lease payments provide long-term income, with payments ranging from $700 - 2,000 per acre per year. However, not every land parcel qualifies for solar leasing. Using LandGate's LandApp tool, you can analyze any property's suitability for solar leasing before making a purchase to ensure that investment properties have high solar leasing potential.
You can also use LandGate's free marketplace to find properties for sale that fit solar leasing criteria. Each listing is embedded with LandGate's proprietary solar value index scores, allowing you to conduct initial due diligence at a glance.
If you are involved in sectors such as land, energy, water, or agriculture, you will find direct and significant applications for the innovative services LandGate offers. These services are designed to streamline processes, enhance decision-making, and ultimately drive success in these critical fields.
