I personally believe Page Rank also matters a lot for getting search engine traffic for longer period.The site having good page rank will get sustained result .
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I heard that the general rule of the 10x monthly income is pretty accurate. Though I don't agree, largely due to the fact that 10 months is a long time in internet terms.
there are many website like dnscoop that helps to determine the value of your site.
It's cliche, but a website is worth what someone is willing to pay for it.
Normally I start at monthly revenue x 12 + 50%. You then get knocked down to the price they are willing to pay.
Why revenue? - then you are ignoring costs. Surely that is misguided.
Why don't you advertise your site as 'For Sale' and ask people to offer you a price? If people think it is a good site and are interested in buying, they will offer you something around what they think it is worth - if you get a few offers, you can compare and take an average.