deepblog

<strong>Assessing Pricing Scenarios for 231 E Flagler ST: A Developer's Perspective</strong>

We analyzed the 231 E Flagler ST listing by running it through multiple pricing scenarios, taking into account construction costs and potential rents based on the developer's vision. Rents for 1,200 SF units in the area range from $2,800/mo to $11,000/mo, heavily influenced by the target market and the building's...

Evaluating the Uniqueness of a Property: The Case of 231 E Flagler ST

Utilizing the Market Scanner to Compare Property Characteristics To determine the uniqueness of a property like 231 E Flagler ST, we use the market scanner to compare properties with similar characteristics within a one-mile radius: Lot size: 14,000 SFUnits Allowed: 321 unitsBuildable Area: 330,000 SFExisting Building Area: 12,000 SF Uncovering...

Discovering a Rare Development Opportunity in Downtown Miami

Unearthing a Prime Listing in Downtown Miami We found a unique development opportunity at 231 E Flagler St in Downtown Miami, listed on Crexi and represented by Mariano Saal from TIR Prime Realty. The listing is unpriced, so we used Deepblocks to determine a potential price. Navigating Miami Zoning Overlays:...

Evaluating the Feasibility of 423 NE 27th ST: Crunching the Numbers for a Profitable Investment

Feasibility Study to determine the profitability of investing in 423 NE 27th ST, we first maximized the residential units allowed, required parking, and minimum setbacks—on the ground and above the eighth floors. We also repositioned the tower for an amenities area over the plinth. With the following conservative assumptions, our...

Tracing an Edgewater Property's Journey: A Glimpse into the Sales History and Future Potential

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...

Balancing Expectations: Navigating Feasibility Studies with AI Assistance in Real Estate Investments

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...

The Power of AI in Feasibility Studies: Uncovering Real Potential for Real Estate Investments

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...

Delving Deeper: AI-Assisted Analysis of Property Development Potential in Edgewater, Miami

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,...

Maximizing Real Estate Investment Potential with Deepblocks

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...

Mastering FAR: The Key to Efficient Site Selection and Property Development

Streamlining Site Selection with FAR-based Market Queries FAR (Floor Area Ratio) is a metric that indicates the maximum development capacity of a property by comparing its total floor area to the parcel size. Querying a market based on development capacity using FAR can expedite site selection processes by several months....

Decoding Zoning Data: Understanding the Three Key Offerings in the Real Estate Market

Zoning data has become increasingly important in the real estate market. However, there is lack of transparency on what constitutes a complete set of zoning data. This post aims to clarify the three types of zoning data offerings available in the market today. Zoning District Names: The Starting Point for...

These neighborhoods in Fort Worth, Texas, have the highest population density growth.

Fort Worth neighborhoods with the highest population density growth cluster in the northeast quadrant. Four of the top five tracts in Fort Worth with the highest population density growth are in the northeast quadrant. Something is happening in this region of Fort Worth, and we received validation from the locals...

What caused the 2018 construction boom in Irving, Texas?

Irving, Texas, went from building an average of five million square feet per year to 60 million square feet in 2018. Did Irving, Texas, really finish 60,000,000 SF of construction in 2018? When we compared construction activity within the last ten years across Fort Worth, Dallas, Irving, Garland, and Arlington....

Real Estate Investment Automation: Narrowing down the best neighborhoods.

We used a data-driven approach to narrow down the best neighborhoods in Fort Worth, Texas. Fort Worth, Texas, has 218 census tracts. The data we’ve considered includes population and economic growth, construction activity, existing and potential density, and an index created from all the metrics combined. Where are Fort Worth's...