6229 Carolina Beach Rd - WRF - Pro Forma-56221, 6223, 6229 Carolina Beach Rd Property - Wilmington Realtors Foundation - Pro Forma
Development Phases
#1 Land Planning
Property Entitlement
Rezoning - Project Planning
Surveying
Soils & Wetlands Mapping
Initial Lot Layout
Total Lot Cost
#2 Predevelopment
Subdivision - Lots
Engineering
Surveying
Permitting
Legal & Recording
Project Planning and Marketing
Third Party Cost
Land
Total Lot Cost
#3 Land
Development Cost
Site Development
Development Fee
Subtotal Land Development Cost
Interest Carry
Total Land Development Cost
#4 Vertical
Development Cost
GC Build
Sq. Ft.
$$/Sq.
Total GC Build
Total Vertical Cost
Total
Project Cost
Entil, PreDev, Land and Vertical
Unit Sales Metrics
Real Estate Commission Percent
Sales Price
Real Estate Commission
Total Cost per sq. ft.
Per Lot
287.5
104.1667
52.0833
104.1667
547.9167
Per Lot
1666.6667
416.6667
52.0833
83.3333
541.6667
1093.75
11770.8333
15079.1667
Per Unit
42845.8333
1041.6667
43887.5
0
61570.8333
Per Unit
1600
113
180800
180800
Per Unit
242370.8333
0.025
248585.4701
6214.6368
155.3659
48
Total
13800
5000
2500
5000
26300
48
Total
80000
20000
2500
4000
26000
132500
565000
723800
48
Total
2056600
50000
2106600
125000
2955400
48
Total
76800
113
8678400
8678400
48
Total
11633800
Preliminary Plat Total
Final Plat Total
Build Out Total
Planning - Design and Development Schedule
2021
November
Cribb's OTP
Legal Title Review
December
Property Rezoning
Survey Property
2022
January
Phase 1 Envn
Wetlands Mapping
February
Engineering Proposals
Builder Interviews
March
County PC
April
County BCC
Rezoning Approval
May
Preliminary Dev Budget
June
Phase 2 Envn Review
Line Item - Site Development Costs
lot Clearing
fill import
water
sewer
stormwater/detention
concrete
pavement
stone
dry utilities
sewer pump station
permits
per acre
per lot
per linear ft
per linear ft
per linear ft
per linear ft
per sq ft
per cu yd
per linear ft
project
project
TOTAL
2022
July
Land Purchase
Lender Review
August
NC DEQ
PH 2 - Letter NFA
September
Cribb Property
Land Closing
October
Civil Engineering - Begins
Design/Permiting
November
Stroud Engineering
Design Review
December
Stroud Engineering
Design Reviews
2023
January
Stroud Engineering
Design Reviews
February
Stroud Engineering
Design Reviews
March
Stroud Engineering
Design Reviews
acres
lots
6
48
1000
1000
1000
1000
28000
3000
1000
1
6
6500
3200
100
100
100
100
6
50
55
550000
2023
April
Stroud Engineering
Design Reviews
May
Stroud Engineering
Design Reviews
June
Stroud Engineering
Design Reviews
July
Stroud Engineering
Design Reviews
August
Stroud Engineering
Design Reviews
September
Stroud Engineering
Design Reviews
October
Stroud Engineering
Design Reviews
November
Stroud Engineering
Design Reviews
December
NHC Engineering
NC DEQ/NCDOT
Site Plan Approval
Driveway Permit
6
48
39000
153600
358000
358000
100000
100000
168000
150000
55000
550000
25000
2056600
2024
January
Begin Site & Utility
Construction
February
Site and Utility
Construction
March
Site and Utility
Construction
April
Site and Utility
Construction
May
First Phase Vertical
Construction
June
Vertical
Construction
July
Vertical
Construction
August
Vertical
Construction
September
Vertical
Construction
October
Vertical
Construction
November
Vertical
Construction
December
Vertical
Construction
48-Units
Built-Sold