| name | real-estate-development |
| description | Use for NoblePort real-estate development analysis — feasibility studies, land valuation, ADU analysis, and rental projections. Use when evaluating a parcel or development opportunity, or sizing the return on an ADU or value-add play. |
Real Estate Development Skill
Purpose
Evaluate development and value-add opportunities with a disciplined,
assumption-explicit financial and feasibility analysis.
When to use
- A parcel or property needs a feasibility / go-no-go read.
- Land or after-repair value must be estimated.
- An ADU's cost, code path, and return need analysis.
- Rental income / hold projections are needed.
When NOT to use
- Construction cost detail → 01-estimator; code path → 04-building-code.
- Securities/financing structuring → licensed financial/legal review required.
Inputs
- Parcel data, zoning, comps, construction cost basis, rent comps, financing
assumptions.
Workflow
- Feasibility: zoning/use, site constraints, entitlement path, timeline.
- Valuation: land and as-complete value from comps; state the comp set.
- ADU analysis: code path (with 04-building-code), cost (with
01-estimator), and incremental value/rent.
- Pro forma: cost, financing, income, returns (IRR/ROI/carry) — every
assumption labeled and sourced.
- Recommend with the reversible first step and what would change the call.
Outputs
- Feasibility studies · land valuation · ADU analysis · rental projections
System integration
- Realty analysis:
src/lib/realty/property-analysis.ts.
- Worked example:
docs/realty/236-high-road-newbury.md.
- Projects/properties surface via
/api/projects; NP-OS real-estate development
layer in docs/np-os/master-operating-system.md.
Guardrails
- Real-estate/finance reasoning is knowledge-domain only — a CCIM/appraiser
and financial/legal review are required before acting (mirrors
knowledge_domains.py; can_claim_credential = False).
- Pro formas are scenario analysis (
SIMULATED/STAGED), not guaranteed
returns; never present projections as certainty.
Success criteria
- Every figure traces to a comp, a quote, or a labeled assumption.
- The entitlement path and its timeline risk are explicit.
- The recommendation names the trigger that would reverse it.
