METHOD AND SYSTEM FOR EVALUATING RETAIL AND RELATED REAL ESTATE DEVELOPMENT OPPORTUNITIES

• US 20090076888A1
• Filed: 09/10/2008
• Published: 03/19/2009
• Est. Priority Date: 09/14/2007
• Status: Abandoned Application

• Current Assignee: Jerome D. Oster, Mark Oster
• Original Assignee: Jerome D. Oster, Mark Oster
• Inventors: OSTER, JEROME D., OSTER, MARK
• Application Number:
  US12/207,929
• Publication Number:
  US 20090076888A1
• Time in Patent Office: Days
• US Class Current: 705/10
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 30/0205 Location or geographical consideration

Abstract

Potential retail or related real estate development sites are identified using computer databases and algorithms to derive normative association between the supply and demand characteristics of certain trade areas. For a particular site location, the method identifies the most suitable square footage amount for retail or related real estate development. For a particular shopping center, the method identifies individual tenants that are most suitable for inclusion at the particular location. Further, in another embodiment there is provided a method which identifies existing facilities in the nation or region that are most analogous thereby providing a means of forecasting sales for new real estate development.

Claims

1. A method of determining a site for the development of prospective retail store space, comprising:

selecting a geographic point for prospective retail store locations;

determining existing retail store locations in the geographic region surrounding said geographic point;

determining populations characteristics of existing households in said geographic region;

analyzing existing retail store locations and said population characteristics of existing households; and

identifying a new area of interest within said geographic region for development of prospective retail store locations.

2. The method of claim 1 wherein existing retail store locations are identified within a certain distance from said new area of interest.

3. The method of claim 2 wherein supply of retail store locations is determined by identifying existing retail store locations within a certain distance from said new area of interest.

4. The method of claim 1 wherein said existing households are within a certain distance from said new area of interest.

5. The method of claim 4 wherein said existing households have a minimum annual household income.

6. The method of claim 5 wherein demand for retail store space is determined by the number of households within a certain distance from said new area of interest have a minimum annual household income.

7. The method of claim 1 wherein said existing retail store locations are analyzed with respect to the number of existing households in said new area of interest.

8. A method of determining a site for the development of prospective related real estate, comprising:

selecting a geographic point for prospective related real estate locations;

determining existing related real estate locations in the geographic region surrounding said geographic point;

determining population characteristics of existing households in said geographic region;

analyzing existing related real estate locations and said population characteristics of existing households; and

identifying a new area of interest within geographic region for development of prospective related real estate locations.

9. The method of claim 8 wherein existing related real estate locations are identified within a certain distance from said new area of interest.

10. The method of claim 9 wherein supply of related real estate locations is determined by identifying existing related real estate locations within a certain distance from said new area of interest.

11. The method of claim 8 wherein said existing households are within a certain distance from said new area of interest.

12. The method of claim 11 wherein said existing households have a minimum annual household income.

13. The method of claim 12 wherein demand for related real estate is determined by the number of households within a certain distance from said new area of interest have a minimum annual household income.

14. The method of claim 8 wherein said existing related real estate locations are analyzed with respect to the number of existing households in said new area of interest.

15. A method of determining a prospective retail tenant for a geographic site, comprising:

identifying a prospective retail tenant;

identifying population characteristics for retail tenants of the same name as that of the prospective retail tenant;

determining population characteristics of existing households in said geographic site;

analyzing said population characteristics for existing retail tenants and demographics of existing households; and

assessing the potential of locating prospective retail tenant at said geographic site.

16. The method of claim 15 wherein said existing retail tenants are the same named retail store as the prospective retail tenant.

17. The method of claim 15 wherein said existing households are within a certain distance of said geographic site of prospective retail tenant location.

18. The method of claim 15 wherein existing households have a minimum annual household income.

19. The method of claim 15 wherein said population characteristics for existing retail tenants are analyzed with respect to said population characteristics of existing households within a certain distance of said geographic site of prospective retail tenant.

20. The method of claim 19 wherein said analysis compares population characteristics of said prospective retail tenant located at said new geographic site to the population characteristics of the same named existing retail tenants.

21. A method of determining a prospective related real estate tenant for a geographic site, comprising:

identifying a prospective related real estate tenant;

identifying the population characteristics for related real estate tenants of the same name as that of the prospective related real estate tenant;

determining the population characteristics of existing households in said geographic site;

analyzing said population characteristics for existing related real estate tenants and the population characteristics of existing households; and

assessing potential of locating prospective related real estate tenant at said geographic site.

22. The method of claim 21 wherein said existing related real estate tenants are the same named related real estate stores as the prospective related real estate tenant.

23. The method of claim 21 wherein said existing households are within a certain distance of said geographic site of prospective related real estate tenant location.

24. The method of claim 21 wherein existing households have a minimum annual household income.

25. The method of claim 21 wherein said population characteristics for existing related real estate tenants are analyzed with respect to said population characteristics of existing households within a certain distance of said geographic site of prospective retail or related real estate tenant.

26. The method of claim 25 wherein said analysis compares said population characteristics of said prospective related real estate tenant located at said new geographic site to said population characteristics of the same named existing related real estate tenants.

27. A method of identifying existing retail developments, comprising:

identifying the retail development potential identified using the site selection methodology;

identifying the tenant like those identified in the tenant suitability methodology; and

selecting analogs according to population characteristics and retail supply conditions of existing retail developments.