Development Calculators

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

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

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Project Overview

Land Costs

596,302

Soft Costs

293,465

Hard Cost

1,107,105

Total Costs

1,996,872

Total Profit

290,028