From bizfluent:
"When accounting for a land and building purchase, a good rule of thumb to use is the 20/80 rule. The building is the major asset, representing approximately 80% of the purchase price. The land is the minor asset, representing approximately 20% of the purchase price."
Other sources have suggested this percentage.
Use your judgment. If the land size is small in comparison to the structure, you may want to use 15%.
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