Zeustimates

Understand what a Zeustimate is, how to generate it, and how to interpret it. Learn how view and edit Site Attributes, Layers, Variable Impact, Smart Comps, Quick Demographics, and Attribute Templates

What is a Zeustimate?

How to generate a Zeustimate

How to interpret a Zeustimate

Site Attributes

Layers

Variable Impact

Smart Comps

Quick Demographics

Attribute Templates

What is a Zeustimate?

A Zeustimate is a projection on a location that is calculated based on the data that is influencing your model. A Zeustimate is created after the location's information is processed though a random forest algorithm.

FAQ Decision Tree

How to generate a Zeustimate

  1. On the map, click on a pin or drop a new pin to see the Zeustimate display in the active panel to the left.
  2. Adjust your site attributes.

After dropping a pin, click the pin to view the Zeustimate for the location

How to interpret a Zeustimate

Bucketing of the Zeustimate

SiteZeus will generate a dollar amount (or count) for the Zeustimate. We recommend paying attention to the bucket the Zeustimate falls into. The bucketing system is based on the average unit volume (AUV). Following the bucket system will guide you to the next steps of your site selection process.

  • Excellent: SiteZeus sees great potential in the location. Proceed with reviewing leasing and other details.
  • Above average: SiteZeus sees potential in the location. Continue reviewing it.
  • Average: SiteZeus sees the location as close to the average locations in your portfolio.
  • Below average: SiteZeus projects the site's revenue to be below your portfolio's AUV. Proceed with caution.
  • Poor: SiteZeus projects the site's revenue to be well under your portfolio's AUV.

Site attributes

Customize the Zeustimate by adjusting the site attributes to the exact specifications for the location. 

Layers

If you have Layers in your project, they may influence your Zeustimate. The Layers need to exist around the location you are projecting on. Using the prebuilt Layer database is a great way to add all Layer locations at once. 

Note: Your model will consider Layers based on their count, revenue, and distance from your site.

Variable Impact

The Zeustimate (ZTM) Variable Impact feature at the bottom of the Z-Panel gives you even deeper insight into your model by showing the impact each attribute has on your Zeustimate.

It gives you the starting projection, then adds and subtracts the monetary amounts for each variable used to generate the specific Zeustimate. Remember, not all attributes will be used in each projection.

How to view Variable Impact on a Zeustimate

  1. Scroll to the bottom of the Zeustimate panel and click on ZTM Variable Impact.
  2. Once the panel has expanded, you can view the ZTM Variable Impact for that location.

Note: SiteZeus does not tell you if the attribute is positive or negative. For example, variable impact will show Homes $50-$100k with a negative $5,000 impact on the Zeustimate, but not whether this location has too many or too few homes in the $50-$100k price range in its trade area.

Smart Comps

Smart Comps are sites that went down the same or similar decision-tree paths when the model analyzed them. Comparison sites can be used to review how sites similar to the one you are currently considering have performed.

How to view Smart Comps on a Zeustimate

After you generate a Zeustimate, click Smart Comps below the street view image.

Quick Demographics

From the Zeustimate window, you can access Quick Demographics for a snapshot of the following demographic data points by each trade area (.25, .50, 1, 2, 3, 5, 10 miles).

  • Total population
  • Ethnicity
  • Male-to-female ratio
  • Ages
  • Percentage of population in 10-year increments
  • Percentage of population in 5-year increments
  • Median income

How to view Quick Demographics for a Zeustimate

The menu with Quick Demographics is located in the Z-Panel below the street view image.

  1. Select the people icon.
  2. Select a trade area. The trade areas at the top of the map will also change your Quick Demos view.

Attribute templates

Attribute templates allow you to quickly adjust site attributes. Create templates for a particular store prototype, a below-average location, an above-average location, or another type of store.


Notes:

  • Do not generate a Zeustimate for an Existing Site; instead, use the Quadrant Recommendations to evaluate it.
  • A Zeustimate does not take into consideration rent or earnings before interest, taxes, and amortization EBITA, etc.
  • Use Smart Comps to find comparable Existing Sites that followed a similar path in the decision trees.