We know zoning®

Now you can have our knowledge at your fingertips.
Introducing a service like no other available to Owners, Developers and Lenders:

The New SITESTIMATE®+

This proprietary development focused valuation + feasibility study with massing scenarios and developer proformas, utilizing our team of in-house zoning-focused architects, analysts, and neighborhood experts, will assure you know exactly what it is you own, are buying or lending on. Know, with certainty, what can be developed based on the zoning and what returns can be expected. 

 The SITESTIMATE®+ is an unbiased and independent valuation. 

Our Expertize

Questions the SITESTIMATE®+ can examine and answer

1. What can my sites envelope fit? (i.e., how much ZFA can actually fit on my site?)
2. Does my site have excess air rights? What is the value of these air rights? Where can I transfer them?
3. Can I purchase air rights? What should I pay for those air rights?
4. Should I buy the site outright, ground-lease it from the landowner or form a joint-venture with the owner? What option would achieve maximum value?
5. What is the highest and best use of my site?
6. What are the local market comparables and data metrics? (Similar development site sales, condo sellouts, rental rates, etc.)
7. What would be the Equity Multiples and IRR on my project?
8. Does my site have assemblage potential? What would be the value of the new assemblage?
9. What is the true market land value of my site?
10. What does my site’s zoning district mean? Any bonuses and/or restrictions I should be aware of, and how does that affect value?
11. Is my site even a development site? (Feasibility study)
12. How much equity should I put into the deal?
13. Is my site a rezoning candidate? If so, what can it be rezoned to and what is the rezoned value?
14. What kind of leverage can I get on my development project?
15. What are my sellouts/returns from the finished project?
16. What are the costs to develop my site?

Our Expertize

What’s included in the SITESTIMATE®+

Sitestimate®

Property Information

  • Location/Block/Lot
  • Lot Size/Dimension
  • Building Size
  • Tax Information
  • Transit Information

Zoning Information

  • Property Zoning Information
  • Applicable Use Groups
  • Commercial, Residential, Manufacturing and Facility FAR/ZFA
  • FRESH/MIH/VIH/Special District

Existing Value/As-Is Value

  • Revenue/Expenses/NOI/Downtime & Renovation Projections
  • Capitalization Value
User Value

Existing Building Comparable Sales

  • Price Per Gross Floor Area Analysis

Massing Study

  • Floor Area/Density
  • Base Height/Maximum Building Height
  • Setbacks/Yards/Lot Coverage
  • Parking Regulations

Development Scenarios

  • Commercial/Residential/Manufacturing/Facility Rents, Sale Value, NOI and Capitalized Value Projections
  • Hard & Soft Cost/Interest Rate Projections
  • IRR Returns Projections
  • Residual Land Value

Development Comparable Sales

  • Price Per ZFA Analysis

Concluded Valuation

Sitestimate®+

Sitestimate® Package

Sources and Uses

  • Senior Loan/Equity
  • Acquisition Cost/Hard & Soft Costs/Financing Cost

Unlevered & Levered Return Metrics

  • Unlevered/Levered IRR
  • Equity Multiple
  • Total Developer’s Profit

Sensitivity Analysis

  • Acquisition Cost/Hard & Soft Cost/Cap Rate/Interest Rate/Sale Value/Rent Value against IRR Returns

Development Budget

  • Acquisition Cost/Hard & Soft Cost/Financing Cost against ZFA/GSF/NSF/Unit

Annual Cash Flow

  • Annual Development Cost Projections
  • Exit Capitalization Value
  • Construction Loan Draws/Loan Paydown
  • Unlevered/Levered Cash Flow
  • Total Developer’s Profit
Concluded Valuation

Pricing

Available to Owners,
Developers and Lenders

Sitestimate®+

$3,500

Property Data analysis, Zoning Data Report, Development Feasibility Study, and Concluded Value Report+ developer proforma + assemblage feasibility.

SITESTIMATE®+ Enterprise

Contact Us

Property Data analysis, Zoning Data Report, Development Feasibility Study, and Concluded Value Report+ developer proforma + custom research by request/ custom studies by request.

Request a Sitestimate®+

Find Out What Your Site Is Worth

The SITESTIMATE® + is also presented to you in a cloud-based, password protected and easy to read format; making it seamless to include in a presentation to your partners, investors or board members.

Please reach out to us for more information.

SITESTIMATE®+ will take 10-14 business days to complete.