Office underwriting from an address
Rent roll and lease expiries, the building on record, sale comparables and a value range. Two runs below, each started from the address alone: the Flatiron Building and the Empire State Building.
What a office run returns
- NOI and occupancy, with the lease expiries that move them
- Sale comparables, mapped, with price per square foot
- A value range and the cap rate it implies
- Conversion targets, when the building is worth more as something else
Broker opinion of value · 12 files
The Flatiron Building
175 Fifth Avenue, New York
$530M concluded value, range $450M to $580M
- NOI
- $7.32M
- building area
- 183,449 SF
- comparables
- 22
Broker opinion of value · 6 files
The Empire State Building
350 Fifth Avenue, New York
$2.53B concluded value, range $2.34B to $2.71B
- NOI
- $108.1M
- building area
- 2.81M SF
- occupancy
- 88.7%
Drafts for a licensed professional to review and sign; not appraisals.