The Investment Strategy: Targeting Lower 'T' Zones Were we to establish a small development fund aimed at investing in Miami, our initial focus would be on the lower 'T' zones. These zones are suitable for smaller-scale projects, facilitating an iterative approach across the portfolio. Preferred Search Parameters: Identifying Ideal Investment
Distinctive Zoning Codes and Logical Systems in the City of Miami Each municipality operates under its unique zoning code, characterized by distinctive vocabulary and logical systems. The City of Miami utilizes a specific system to categorize different types of development:T = residential and mixed-use D = industrial and work place
Unveiling the Importance of Zoning Understanding in Acquisition and Development Understanding zoning is crucial for acquisition and development. Without knowing what you can build on a property, you only see potential cash flow and not the totality of its value and limitations. Unit Density is especially useful when comparing across
Artificial intelligence may not initially come to mind when you think of #MiamiTech, with verticals such as web3 and fintech playing such a prominent role in our local ecosystem. But increasingly, AI is enabling the innovation of local startups – with various community players supporting these efforts. Community is powering
Startups are introducing tech in ways that could revolutionize real estate ChatGPT has emerged as the poster child for AI 2.0 — the next generation of machine learning – and as a go-to for residential real estate agents looking to speed their workflows. But residential brokers have just begun to
In our analysis, we juxtapose the current rental units in the top ten tracts with the highest unit development potential across the City of Miami, factoring in both the demand for rental units and the median rent in these tracts. Rental Units and Development Potential in Miami's Top Ten Tracts
Deepblocks is an AI company dedicated to tackling the challenging question - "Where should I build?" Traditionally, answering this question would require an intimate understanding of local markets or a vast collection of complex datasets that combine information about development capacity, existing property inventory, and population demand. The Scalability Advantage
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
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
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:
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
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
