Florida Real Estate Broker ExaminationReal Estate CalculationsMedium
A developer is planning to build residential units on a rectangular parcel of land measuring 300 feet by 400 feet. If zoning requires a minimum lot size of 15,000 square feet per unit, how many units can the developer build?
- A10 units
- B8 units
- C12 units
- D15 units
Show answer & explanationAnswer & explanation
Correct answer: B. 8 units
First, calculate the total area of the parcel: 300 feet * 400 feet = 120,000 square feet. Then, divide the total area by the minimum lot size per unit: 120,000 sq ft / 15,000 sq ft/unit = 8 units.
Why the other options are wrong
- A. This would be if the minimum lot size was 12,000 sq ft.
- C. This would be if the minimum lot size was 10,000 sq ft.
- D. This is incorrect; it might result from an incorrect calculation or misinterpretation of the formula.
Area Calculation for Development
Area calculation for development involves determining the total usable area of a parcel of land and then dividing it by the required minimum lot size per unit to find the maximum number of units that can be built.
- Total area = Length * Width.
- Number of units = Total Area / Minimum Lot Size.
- Zoning regulations dictate minimum lot sizes.
Memory trick: Area divided by lot, how many units you got?