deepblog

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...

How many Multifamily Development Opportunities in Downtown Dallas, Texas?

We found six prime properties out of 1,867 for multifamily development based on the following search criteria: Vacant Parcels allowing between 100-500 units: 190 sites and lot size larger than 9,600 SF: 6 sites 190 sites are vacant and allow between 100-500 units, and only six of those sites are...

How much development potential is in Dallas, Texas?

Dallas, Texas has 294,122 sites, and 12% are vacant. That’s 35,643 vacant sites. Moreover, 17% of the vacant sites allow for the construction of at least 100 units. That’s 6,299 vacant sites with massive multifamily development. I can see why Dallas has so much development interest and why many customers...

How many cities do we have live in the Dallas-Fort Worth MSA?

When we started digitizing zoning ordinances four years ago, the strategy was to start with the US's largest and most powerful metropolis. Our COO, Jeffrey Millett, created an algorithm to determine the top 100 cities with the most development capacity. Why is digitizing zoning ordinances so hard? We soon realized...

How is data science different from software engineering?

The difference between data science and software engineering is often misunderstood, sometimes by engineers. A few years back, many engineers transitioned to data science when the AI craze was at an all-time high. Excited by the potential machine learning (ML), they eagerly loaded unexplored CSVs onto off-the-shelve ML models. After...

Are there multifamily opportunities in Lincoln Park, Chicago?

Lincoln Park, Chicago, has a higher density than Bridgeport, which we studied last week. Properties with the highest density yield between 40 and 50 units. In this study, we found six properties that allowed more than 40 units and currently have less than 5,000 SF. These properties have at least...

Are there assemblage opportunities in Bridgeport, Chicago?

Bridgeport is a low-density Chicago neighborhood, most sites yield between 5 and 15 units. We have to assemble adjacent parcels to develop a multifamily project of 30+ units. Assemblages are composed of properties that have good criteria for development. How to analyze properties for assemblages? Assemblages require adjacent sites with...

How many multifamily assemblage opportunities are in West Town, Chicago?

Assemblages are growing in popularity due to the lack of land for new development. The key is to find a set of adjacent properties that all have high development multiples. Then negotiate these properties with their respective owners. It is preferable to find assemblage opportunities with the same owner. Depending...

How many sites have development potential in Chicago?

Chicago has 604,319 properties under the Chicago Zoning Map. Today we looked into which ones have development potential using the development multiple calculations. For example, we’d like to filter sites where the total buildable area is ten times the existing building area. We narrowed it down to three sets. The...

We have zoning for 16,430,232 sites in the US.

Yesterday we got the news that commercial real estate data giant, Lightbox, acquired the zoning data company PZR. Along with the acquisition, Lightbox now has more than 223,000 digitized property zoning reports. This acquisition is a great validator of all the work we’ve been doing for the past five years....

Interested in the Chicago Zoning Map?

You are not alone. The Chicago zoning map is currently the most analyzed among all metropolitan cities. We looked into it, and it makes sense; Chicago is amidst a dozen mega development projects. The size of these developments has a significant impact on the surrounding properties. Everyone is looking to...

Looking for Multifamily Development Opportunities?

The easiest way to find development opportunities for multifamily is to canvass the city based on units allowed. Deepblocks has built a city-wide search in which every parcel already has all its zoning rules baked in; that way, they are searchable. Searching by units allowed is most straightforward in cities...