Real Estate Analysis Archives

Assessing Pricing Scenarios for 231 E Flagler ST: A Developer’s Perspective

Leave a Comment / Blog, Video / By Olivia Ramos

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 unique value proposition. Key Assumptions: …

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

Leave a Comment / Blog, Video / By Olivia Ramos

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 Comparable Properties in the Area …

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Discovering a Rare Development Opportunity in Downtown Miami

Leave a Comment / Blog, Video / By Olivia Ramos

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: RDIA and TOD This development …

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

Leave a Comment / Blog, Video / By Olivia Ramos

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 return on cost was 3.92%: …

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Comparable Properties: Assessing Value in the Edgewater Real Estate Market

Leave a Comment / Blog, Video / By Olivia Ramos

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 properties within approximately half a …

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

Leave a Comment / Blog, Video / By Olivia Ramos

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 Events Despite Groupe City’s initial …

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

Leave a Comment / Blog, Video / By Olivia Ramos

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 allow a maximum of 24 …

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

Leave a Comment / Blog, Video / By Olivia Ramos

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 24 ST, initially a promising …

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Navigating the Final Stages of Site Selection: Analyzing Properties with AI Assistance

Leave a Comment / Blog, Video / By Olivia Ramos

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 existing commercial building, while the …

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

Leave a Comment / Blog, Video / By Olivia Ramos

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, which falls short of the …

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