Case Study: Commercial Real Estate Sales Comps Service

Commercial Real Estate Sales Comps Service
Our client in this case study runs multiple investment funds for office buildings focused in one of the top 5 MSAs. They needed to know what prices make sense given their specific market and the property types they acquire. Because they run a lean team, they didn’t have the manpower or the time to gather market comparables themselves.  They also didn’t want to involve brokers or other intermediaries because they wanted the data to be truly unbiased. Our client needed impartial data to justify real estate financial models for their acquisitions and fund projections.
Many real estate principals and fund managers encounter the very same issue. Typically the only viable options are signing a lengthy contract with an expensive data service or getting brokers involved in the hopes of attaining reliable information. In other situations, they have to manually search public records and cold call property owners directly to obtain accurate data. This requires a lot of time and manpower, and not every company can allocate resources to the effort.

The CREModels℠ Solution

CREModels℠ was able to provide 4 years of historical data within our client’s parameters (without any subscription fees). This one-time search provided them with sales comps that can be used for each of their deals in this market over the next year. In addition, CREModels℠ provides regular updates when other properties are sold within the requested parameters.

CREModels℠ developed a streamlined process to obtain comparable data within the client’s specifications. Using the sales comp criteria, we hunt down the best data providers to gather the sales comp information and provided the client with an initial list of properties. From there, the client selected a subset of deals that matched their needs and we collected the remaining details and aggregated the information into a report, including an online map with all the information available at a glance.

A large number of clients who have utilized this service have a very specific market or submarket focus. Given the narrow market focus, there is no need for a weekly or monthly subscription when there won’t be updates often enough to justify the cost. CREModels℠ will send notifications when there is an update to the provided criteria and the new comp information can be retrieved.

If you’d like to learn more about how CREModels℠ can assist your acquisitions or market-research team through innovative solutions such as this, fill out the form below or contact us today!

How to Get Started

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Max Garbus

Case Study:
Commercial Real Estate Sales Comps Service

(201) 252-7487
max.garbus@cremodels.com

Commercial Real Estate Rent Comps
Commercial Real Estate Sales Comps
Acquisitions Team Support

Learn More

Commercial Real Estate Rent Comps
Commercial Real Estate Sales Comps
Acquisitions Team Support

How to Get Started

Max Garbus

Case Study:
Commercial Real Estate Sales Comps Service

(201) 252-7487
max.garbus@cremodels.com

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