Following our 423 NE 27th ST analysis, we delve into comparable properties within the Edgewater area. By examining the overlapping characteristics of these properties, we can assess whether any offer is a better deal than the $25 million asking price of the subject property. Identifying Comparable Properties We identified 13
Listing Research This week, we look closer at an Edgewater property with a notable sales history. Located at 423 NE 27th ST, this property was assembled in 2022 by Groupe City, a French developer, for $14.8 million, which included preliminary plans by renowned architecture firm Arquitectonica. A Surprising Turn of
Feasibility studies often reveal harsh realities. In this post, we'll explore a feasibility study for listing 3400 NE 2 AVE, Miami, FL. Initially, we estimate 162 units, resulting in a 31-story building. When factoring in the 243 required parking spots, the building height increases to 43 stories. The zoning regulations
Feasibility studies are crucial in real estate investment, particularly for Value-Add and Opportunistic funds. The AI assistant provides preliminary zoning data on units allowed, parking requirements, maximum building height, and FAR, helping uncover a property's true potential. The AI-Assisted Feasibility Study in Action The AI assistant analyzes property 133 NE
After narrowing down the list of potential investment properties, the AI now assists the analyst in comparing the remaining properties based on price, shape, existing building area, development potential, and sea level rise risk. Comparing Price and Cash-Flow Potential Priced at $355/SF and $551/SF of land, the latter features an
The AI-Assisted Analysis compared three property listings in Edgewater to make informed investment decisions based on their lot sizes and the applicable zoning rules. Lot sizes are a critical aspect, as most municipalities impose minimum requirements for development purposes. One of the properties they examined was a 2,125 SF lot,
Investors will turn to AI-powered tools for site selection and feasibility analysis as the real estate industry evolves. At Deepblocks, we're pioneering the development of an AI assistant that leverages our cutting-edge data and software to streamline these critical processes. This week, we'll delve into a hypothetical conversation between a
Discovering the Highest and Best Use for a Property Determining the highest and best use involves running multiple scenarios. We envisioned a software that automatically identifies the most profitable development approach, and we are closer than ever. We started with a tool that allowed us to seamlessly analyse development. Exploring
Delving Deeper into Listing ID: A11353589 With a listing selected, Deepblocks provides images, descriptions, and zoning data to help you decide whether to operate or build from scratch. In this case, the existing property includes three buildings, 13 units, and a combined structure size of 4,494 square feet, constructed in
Envisioning the Future of PropTech As technology evolves, we are reimagining the interface between investors and cities. By blending cutting-edge advancements with user-friendly design, we can create a seamless experience for clients searching for the perfect property. Discovering Commercial Properties in Little Havana, Miami, with Deepblocks Imagine using Deepblocks (Db)
What are Setbacks? Setbacks are the minimum required distances between a building's exterior walls and the property lines of a parcel of land. Setbacks ensure that buildings maintain a certain distance from streets, neighboring properties, and other structures, to regulate light, air, and privacy. The Purpose of Setback Regulations Setback
What is Zoning Lot Coverage? Zoning Lot Coverage refers to the percentage of a parcel of land that can be occupied by a building's footprint, including all its projections (such as eaves, porches, or decks). This regulation is crucial for controlling the density and intensity of land use in a
