Try It Yourself!
Think about a site within your community. Select the numbered icons and respond to the prompts in your Participant Guide to explore and develop a hypothetical real estate idea using the site you chose within your community.
Financial Considerations
1. What might the project cost to build?
Include soft costs like design, permitting, and legal fees.
2. What could the project earn per square foot?
Research market rents or sale prices for similar properties nearby.
Community Considerations
1. What is the demand in this area?
Are there housing shortages, underserved retail needs, or growth trends?
2. How does the project align with community needs or
long-term plans?
3. What's the neighborhood's vibe or demographic?
Zoning Considerations
1. What is the site currently zoned for?
- Residential, commercial, industrial, or mixed-use?
- Are there any opportunities to rezone?
2. Are there any setbacks, height restrictions, or floor-area
ratio (FAR) limits?
Are there design review boards or historical overlays?
Site Analysis
1. How large is the site?
- What's the square footage or acreage?
- Is the land flat, or sloped?
2. What type of project could realistically fit on this site?
For example: apartments, townhomes, retail space, a community center, etc.
3. Who would the target tenants or buyers be?
Try It Yourself!
Kathy LaMee
Created on October 22, 2025
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Transcript
Try It Yourself!
Think about a site within your community. Select the numbered icons and respond to the prompts in your Participant Guide to explore and develop a hypothetical real estate idea using the site you chose within your community.
Financial Considerations
1. What might the project cost to build?
Include soft costs like design, permitting, and legal fees.
2. What could the project earn per square foot?
Research market rents or sale prices for similar properties nearby.
Community Considerations
1. What is the demand in this area?
Are there housing shortages, underserved retail needs, or growth trends?
2. How does the project align with community needs or
long-term plans?
3. What's the neighborhood's vibe or demographic?
Zoning Considerations
1. What is the site currently zoned for?
2. Are there any setbacks, height restrictions, or floor-area
ratio (FAR) limits?
Are there design review boards or historical overlays?
Site Analysis
1. How large is the site?
2. What type of project could realistically fit on this site?
For example: apartments, townhomes, retail space, a community center, etc.
3. Who would the target tenants or buyers be?