Multi-Family Development Calculator
Basic Land Info Inputs
Gross Acres
Adjusted Unbuildable Acres
Number of Units
Max Impervious Surface (%)
Extra Pavement Multiplier (X)
Parking spots per unit
Building Assumptions
Number of floors (#)
Multifamily Sale Price ($/SQFT)
Multifamily Sale Price ($/Unit)
RE Agent Commission (%)
Construction Inputs
Builder Profit (%)
Hard Cost Multifamily Build ($/SQFT)
Permits per unit ($/unit)
Misc Costs per unit ($/unit)
Land Entitlement Inputs
Land Developer Profit (%)
Cost to Develop the Land Per unit ($)
Land value if already own ($)
Basic Land Info, Land Limitations, Restrictions, and Requirements
Net Buildable Acres
0.25
Total Buildable Sq Ft
10,890
Total Parking Spots
6
Calculated Driveway Area
1,036.8
Calculated Parking Area
816
Calculated Sidewalk Area
762
Building Footprint Area
3,812
Calculated Impervious Surface Ratio
59.0%
Building Footprint Dimensions
61.7' x 61.7'
Unit Sq Ft
1,906
Total Building Sq Ft
7,623
Financial Assumptions
Per Unit
Total
Multifamily Sale Price ($/SQFT)
571,725
2,286,900
RE Agent Commission
17,152
68,607
Builder Profit
55,355
221,421
Hard Cost for Build ($)
257,276
1,029,105
Permits per unit ($/unit)
12,000
48,000
Misc Costs per unit ($/unit)
7,500
30,000
Finished Lot Value
222,442
889,767
Raw Land Calculations
Per Unit
Total
Land Developer Profit
33,366
133,465
Cost to Develop the Land Per Unit
40,000
160,000
Max Offer for the Land
149,075
596,302
Project Overview
Land Costs
596,302
Soft Costs
293,465
Hard Cost
1,107,105
Total Costs
1,996,872
Total Profit
290,028
Max Offer for the Land
596,302