Deepblocks Maps is here! We’re very excited to announce our new, FREE web-based mobile and desktop application that instantly shows you what you can build in a growing number of cities. You can use Deepblocks Maps while on a call, on the go, or in the office. Maps gives you the basics: Lot Size, Existing Building Area, Zoning Type, plus, most importantly: Uses Allowed, Total Potential Gross Buildable and whether the parcel selected is within an Opportunity Zone.

Let’s unpack how this information can be immediately beneficial when assessing different parcels across Miami.

I’ve been testing Maps for some time, and immediately began to uncover some significant possibilities on how to maximize the ease and utility of the application for professional use. For now, I’ll focus on one: Total Gross Buildable deltas.  

Maps offers users the ability to quickly identify underbuilt sites by simply selecting a parcel and then comparing the Existing Building Area and Total Gross Buildable. This is commonly different, immediately identifying parcels of potential value. The larger the discrepancy between the existing and the total buildable, the more underutilized the existing asset is¹.

Below, I’ve found three parcels that have high area deltas in different zoning types, and one within an Opportunity Zone. After identifying the parcel, I simply logged into our Deepblocks Beta software to get a preliminary analysis and estimate of what the financial potential of the parcels is.

Here are a few scenarios I built using Deepblocks Maps with Deepblocks Beta software:

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SCENARIO 1

Address:
2321 NE 5th Avenue
Miami, Florida 33137

Existing Building Area:
3,190 SF

Total Gross Buildable:
114,000 SF

Area Delta:
110,810 SF

Zoning Type:
T-36A-L

Use:
Condo + Retail  

Opportunity Zone:
No

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SCENARIO 2

Address:
100 NW 11th Street
Miami, Florida 33136

Existing Building Area:
Vacant

Total Gross Buildable:
154,840 SF

Area Delta:
154,840 SF

Zoning Type:
T-24-O

Use:
Multi + Retail

Opportunity Zone:
No

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SCENARIO 3

Address:
100 NW 11th Street
Miami, Florida 33136

Existing Building Area: 13,711 SF

Total Gross Buildable:
71,875 SF

Area Delta:
58,164 SF

Zoning Type:
T6-8-O

Use:
Hotel

Opportunity Zone:
Yes

That’s all for today. Be sure to checkout Deepblocks Maps, combined with our software Deepblocks Beta, to run your own scenarios in properties you are interested in.

Have a nice day!

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Cited sources

1. There are numerous other factors that play into this, such as more robust zoning regulations, year built, land price, neighborhood demographics, market cycles, etc.

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