I am considering making an offer on 40 acres that neighbors some family land and would like to ask what everyone thinks is an acceptable offer price on the property. Please give me a range of what you would offer on the property based on the notes below. I am not sure if they owner would like to sell it, but based on their use of the land (cutting and not replanting and not currently leasing hunting rights to produce income) I am hoping to offer them cash and get them to sell.

-It is a 40 acre parcel that was clear cut and not replanted in 2008
-There is around 8 acres of SMZs that were not cut and have mature hardwoods on them.
-The site is adjacent to a county highway
-The site is 8 miles from a local saw mill
-The site is positioned on "high ground" that stays fairly dry in the winter with the exception of the SMZs
-I would like to purchase and plant loblolly for future resale
-The property is valued at $1500/acre based off of tax records
-The property is owned by an out of state private land owner who acquired it through inheritance and to my knowledge has no sentimental ties to the property and does not visit it regularly at all