Divide it up into smaller, more easily calculable sections, then sum up the area of each section.
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A 1,200 square feet parcel at $7.25 per square foot is worth: 1200 sq.ft. X $7.25/sq.ft. = $8,700
A five-acre parcel of land contains 217,800 square feet.
There are about 43,560 SF in one acre, which means you have 217,800 SF in your 5 acre parcel. Assuming that the geometric shape you are referring to is a perfect square you would be able to calculate the length of each leg by simply taking the square root of the total are of 217,800. The result is that each side of your square parcel is about 466.7 feet in length.
If the parcel is a square, the perimeter is 1,450 feet.
The perimeter of this parcel measures 1,870 feet.