Realmo Launches Location Intelligence Engine to Optimize Vacant Property Utilization and Boost Local Economies
Realmo Launches Location Intelligence Engine for Commercial Real Estate
A new location intelligence engine has been launched by Realmo, a commercial real estate (CRE) navigator powered by artificial intelligence.
A More Precise Way to Analyze Potential Sites
This innovative system provides property owners and businesses with a more precise way to analyze potential sites by taking into account millions of data points.
The goal is to identify the most profitable use for commercial assets, enabling property owners to reposition underperforming buildings and guiding businesses to locations with proven demand.
Addressing the Current Economic Landscape
The current economic landscape has created a need for new approaches in the CRE market.
The shift to hybrid work models has led to quieter office districts, while online marketplaces have disrupted retail patterns and changed the way restaurants operate.
Realmo’s Location Intelligence Engine addresses this challenge by transforming how landlords and tenants evaluate potential sites.
Instead of focusing on what properties are available, the engine answers the question of what business actually belongs in a particular location.
How the Engine Works
The engine synthesizes multiple data layers to build a demand-supply picture around any commercial address in the United States.
It analyzes foot traffic patterns, including volume, timing, direction, and dwell behavior, as well as demographic composition, including income levels, household size, age distribution, education, and spending habits.
The system also examines existing business supply, including active businesses, saturation by business category, and potentially unmet demand.
Providing Precise Recommendations
By collecting and analyzing big data and using predictive modeling, the engine provides Highest and Best Use (HBU) property-level insights that go beyond availability and location.
Instead, it offers precise recommendations for uses, such as a grocery store, urgent care clinic, or coworking space, with hard numbers backing them.
For example, the engine might suggest that a vacant bank branch has the ideal demographic profile to become a fast-casual restaurant or that a struggling retail strip is better suited for medical office conversion based on local population aging trends.
A Shift in Realmo’s Mission
This launch marks a shift in Realmo’s broader mission to turn static property data into dynamic business intelligence.
The company aims to create more resilient commercial ecosystems for landlords and tenants by aligning physical space with real-time economic demand.
By providing a more precise way to analyze potential sites, Realmo’s Location Intelligence Engine can help mitigate the risk of opening a business in the wrong location, which can be costly for franchise owners and small business operators.
About Realmo
Realmo’s platform covers over 9 million commercial properties across the United States and combines deep property data with location analytics and investor-intent modeling to help market players make better decisions.
The company’s AI tools are designed to work like a knowledgeable advisor who has access to a lot of data, providing users with valuable insights to inform their decisions.
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