CityBldr Product Overview
CityBldr is a sophisticated real estate analysis and evaluation platform often likened to the Bloomberg terminal but tailored for the real estate industry. The company’s flagship product is designed to provide best-in-class intelligence to power real estate decision-making for a wide range of stakeholders, including brokers, developers, operators, investors, and lenders.
Key Functionality
- Property Analysis and Valuation: CityBldr’s platform analyzes properties based on various data points such as zoning rules, tax history, demographic data, and market trends. It helps users visualize the profit potential of properties by color-coding how well current buildings utilize their land, identifying underutilized properties and their redevelopment potential.
- Development Scenarios: The platform runs development scenarios based on the latest market data and zoning rules, enabling users to determine the best use for a property. This includes stand-alone redevelopment and sell-together redevelopment options, where properties can be combined with neighboring properties to maximize value.
- Assemblage AI: CityBldr’s proprietary back-end technology uses artificial intelligence to imagine what could be possible if small parcels of land were combined for larger development projects. It ranks potential uses of different properties, compares the projected ROI for each use, and identifies probable buyers based on historical buying patterns.
- Market Insights: The platform provides insights into market rents for every site, helping users make informed decisions about property development. It also alerts property owners to changes in zoning rules that could instantly increase their property’s value.
- Built-in CRM and Workflow Optimization: CityBldr includes a built-in CRM system that eliminates the need to copy and paste leads, streamlining the workflow significantly. It offers features such as unlimited buildable units analysis, lot size evaluation, zoning information, environmental indicators, parking requirements, and cost analysis.
- Integration and Partnerships: CityBldr works with major developers and real estate investors, connecting property owners to competitive offers. It has partnerships with significant players in the industry, such as Essex Property Trust, to enhance the efficiency of investment executives and drive stronger returns.
Key Features
- Site Identification: CityBldr allows users to find any development site within seconds, identifying 1,000 times more sites and speeding up the workflow by 50 times, all at half the cost of traditional methods.
- Neighborhood and Competitor Analysis: The platform offers detailed neighborhood and competitor analyses, as well as customization options for data and filters. This helps users understand the local landscape and make data-driven decisions.
- Dedicated Support: Enterprise users benefit from dedicated technical support, ensuring that any issues or queries are addressed promptly.
- Environmental and Zoning Compliance: CityBldr provides detailed information on zoning requirements, environmental indicators, and parking requirements, ensuring that development plans are compliant with local regulations.
Mission and Impact
CityBldr’s mission is to create happy, functional, and sustainable communities by connecting residents, developers, and cities and aligning their incentives. The platform aims to address the housing shortage by identifying and maximizing the potential of underutilized properties, thereby increasing the housing supply to better match demand.
In summary, CityBldr is a powerful tool that leverages advanced technology and comprehensive data analysis to optimize real estate decision-making, making it an indispensable resource for anyone involved in the real estate industry.