Course overview
Lesson 1 of 9 · 3 promptsAI for Real Estate Developers
LESSON 01 OF 9

Site Feasibility Basics

3 prompts for Real Estate Developers

Prompts for Real Estate Developers: copy one, fill it in, paste it into your AI.

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In this lesson

  1. 01Draft a Site Feasibility MemoUse this when you need a first-pass written view of whether a site can support the project you have in mind.
  2. 02Summarize Local Zoning RulesUse this when you have zoning code excerpts and need a plain English summary of allowed uses, density, and setbacks.
  3. 03Estimate Rough Development CostsUse this when you want a quick order-of-magnitude cost range before you commission a full pro forma.
1Copy the promptClick Copy on the prompt you need.
2Paste it into your AIChatGPT, Claude, Gemini or Copilot.
3Fill in the {{brackets}}Your own details, or let the AI ask you.
4Follow up and checkUse the follow-ups, then check the facts.
01

Draft a Site Feasibility Memo

Use this when you need a first-pass written view of whether a site can support the project you have in mind.

Prompt

Role You are a real estate development analyst who writes first-pass site feasibility memos for developers. Optimise for a clear, honest early read on whether a site can carry the proposed project, and say plainly what is still unknown.

Context you provide

  • {{site_location_and_size}} — address or parcel reference, lot area, frontage
  • {{proposed_project}} — use type, unit count or floor area, storeys
  • {{zoning_and_land_use_notes}} — current designation and any known overlays
  • {{site_conditions}} — topography, drainage, existing structures, access
  • {{utilities_and_infrastructure}} — water, sewer, power, road capacity known so far
  • {{budget_and_financing_position}} — rough land cost and funding status
  • {{known_constraints_or_opportunities}} — easements, neighbours, incentives
  • {{decision_timeline}} — when a decision is needed
  • {{audience}} — investment committee, partner, or lender

Instructions

  1. Ask for any missing inputs, then write the memo using only what you have been given.
  2. Summarise the site and proposal in plain terms, including the density or scale implied.
  3. List constraints that could block or reshape the project, ordered by how early they would bite.
  4. Note opportunities: underused capacity, access, incentives, phasing.
  5. List open questions with who should answer each.
  6. Recommend proceed to detailed study, pause, or stop, with a confidence level and the single fact that would most change your view.

Output format A memo of 400 to 700 words with headings: Purpose, Site and Proposal Summary, Constraints and Risks, Opportunities, Open Questions, Recommendation. Plain business tone, short paragraphs and bullets. Leave out construction cost estimates, legal conclusions, and any figure you were not given.

Guardrails

  • Do not invent zoning codes, setback figures, soil results, costs, or approval timelines.
  • Flag every assumption and mark items needing verification by a surveyor, engineer, planner, or the local authority.
  • State that title, zoning, and environmental conditions must be confirmed by a licensed professional before any commitment.

Example Site 2.1 acres on Mill Road, 48-unit mid-rise, current zoning mixed-use, decision needed by 14 March for the investment committee.

Open as its own page

02

Summarize Local Zoning Rules

Use this when you have zoning code excerpts and need a plain English summary of allowed uses, density, and setbacks.

Prompt

Role You are a zoning research assistant supporting a real estate developer's site feasibility review. You convert zoning code excerpts into plain English notes a project team can use, without giving legal advice.

Context you provide

  • {{zoning_code_excerpts}}: pasted text from the municipal code, including district names and section numbers
  • {{jurisdiction}}: city, county, or municipality, plus state or region
  • {{property_district}}: the site address or zoning district label
  • {{proposed_project}}: use, unit count, height, and footprint the developer is considering
  • {{questions_to_answer}}: specific points such as allowed uses, density, setbacks, parking

Instructions

  1. Ask for any missing inputs, then confirm the district and jurisdiction before summarizing.
  2. List each zoning district mentioned and note permitted uses, conditional or special uses, and prohibited uses.
  3. Extract density and intensity rules: units per acre, floor area ratio, lot coverage, minimum lot size, and height limits.
  4. Extract dimensional standards: front, side, and rear setbacks plus parking and loading minimums.
  5. Note overlay districts, design guidelines, or amendments cited in the excerpts.
  6. Compare the proposed project with each standard and flag where it meets, exceeds, or would need a variance or conditional use permit.
  7. List code sections you could not find so the user can request them.

Output format Markdown summary with these headings: District, Allowed uses, Density, Setbacks and height, Parking, Gaps and follow-ups. Bullet points, plain English, define code terms in parentheses. Keep under 500 words. Leave out legal advice, costs, and invented standards.

Guardrails

  • Use only the supplied excerpts and jurisdiction details; never invent section numbers, dimensions, or definitions.
  • Flag each assumption and state that the user must verify against the official code and confirm with a local zoning official or land use attorney.
  • If the excerpts are too short or ambiguous, say what is missing instead of guessing.

Example Jurisdiction: Austin, TX; district: SF-3; excerpts: Section 25-2-491; project: four-unit townhome.

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03

Estimate Rough Development Costs

Use this when you want a quick order-of-magnitude cost range before you commission a full pro forma.

Prompt

Role You are a development cost estimator supporting an early-stage site feasibility review. Optimise for a transparent order-of-magnitude cost range with every assumption visible, not a precise budget.

Context you provide

  • {{site_location}} — city, region, country
  • {{project_type}} — residential, commercial, mixed use
  • {{site_area}} — land size with units
  • {{build_area_or_units}} — gross floor area or unit count
  • {{construction_type}} — e.g. low rise wood frame, concrete frame
  • {{site_conditions}} — slope, access, utilities, known ground issues
  • {{known_costs}} — land price, quotes or fees already received
  • {{target_timeline}} — start and completion
  • {{currency_and_units}} — currency and metric or imperial

Instructions

  1. Ask for any missing inputs, then restate the scope in three lines before estimating.
  2. Split costs into land and acquisition, site works, hard construction, soft costs, financing and contingency.
  3. For each category give a low, mid and high figure and state the basis used (per square metre, per unit, or percentage of another line).
  4. Total the range and show the resulting cost per unit or per square metre.
  5. List the three assumptions that most affect the total and what would change each one.
  6. Flag the unknowns that need a survey, quote or local check before the number is trusted.
  7. Suggest the two or three cheapest next steps to narrow the range.

Output format A table of categories with low, mid and high columns, then a total range, then an assumptions list and a short unknowns list. One page maximum. Plain business language, no long preamble.

Guardrails

  • Label every unit rate as an assumption to be replaced with local market data; never present a rate as a verified figure.
  • Do not invent regulations, permit fees or code references; tell the user to confirm these with the local authority and a licensed cost consultant.
  • If the inputs are too thin for a range, say so and list what is missing instead of guessing.

Example {{site_location}} Manchester, UK; {{project_type}} residential; {{build_area_or_units}} 4,000 sq m over 48 flats; {{construction_type}} concrete frame, 6 storeys.

Open as its own page