What this due-diligence check covers
Feasibility combines legal entitlement, physical design, utility capacity, environmental risk, market support, financing and schedule.
A professional team may include land-use counsel, civil engineer, surveyor, environmental consultant, broker and lender.
Why it matters before closing
Offsite road work, stormwater, utility capacity or discretionary approval can dominate the project economics.
Three levels of evidence
Entitlement gate
Confirm the approval route, decision body, public-hearing risk, studies and conditions before relying on a concept plan.
Infrastructure gate
Obtain capacity, route, off-site improvement, connection-fee and timing evidence from providers and authorities.
Economic gate
Stress-test land basis, soft cost, site work, timing, financing, absorption and exit assumptions together.
What to verify
- Confirm use and entitlement pathway.
- Prepare a constraint-based concept plan.
- Obtain utility and access feasibility.
- Model market, cost, schedule and financing sensitivities.
Red flags that deserve follow-up
- Access permit not available at desired location.
- Sewer capacity requires major offsite work.
- Phase I identifies a recognized environmental condition.
- Pro forma assumes rezoning as certain.
Evidence to keep in the parcel file
- Concept and yield plan
- Agency pre-application notes
- Utility and traffic responses
- Environmental and market studies