I have been asked to appraise a 1 acre outlot in a residential area that has a sewer and drainage easement on the whole parcel which limits its use to only greenspace. The owner can garden it and/or landscape it with "small" shrubs and flowers. There are no sales of just outlots that I could find and when talking to developers they give them no value and simply deed them over to the buyer of the buildable lot connected to them. I did find sales of lots with outlots and compared them to the sales of just lots without outlots and found they sold for similar prices making the developers comment true. So I have support to say the outlot has no market value but it also made me think that its kind of like a conservation easement in that someone can use the land for recreation. I realized conservation easements are typically large tracts of land that can be hunted which mine cannot but the they have a value. I am looking for any thoughts or if any one has had a similar situation.