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And here I am thinking splitter blocks are basically gold, when in fact you need people with a lot of experience and some luck on their side to make it work. Interesting feedback, thanks guys.

45k fee. 75k fee. That's still a tiny, tiny percentage relative to the potential gains, hence my original question! So it costs you a small 20% premium to buy a sub-dividable block. Add in another 10% costs. But you get a huge ~80% ROI... I imagine the stress and red tape alone accounts...

Yes this could be the answer I'm looking for, thanks:)

I've seen it a lot. A sub-dividable block will be next to a regular block, and only commands a small premium, say 20% (e.g. 400k regular vs. 500k sub-dividable). But someone could come in, tear it down, and cut it up and sell each one for 70-80% of the price of a regular block with a house on...