Conducting a valuation for a commercial asset is less like the process of appraising a home, and more like projecting the asset’s financial performance from both macro (e.g. projected inflation over the next 10 years) and micro (e.g. how much can I charge for rent) perspectives. As such, many inputs that go into a financial model are assumptions that CRE professionals make based on extensive research into current and projected market and pricing indicators.
Today, this end-to-end process typically takes 20-25 hours depending on the target asset’s complexity.
The following concept reimagines 95% of the manual valuation process to be replaced by AI-powered recommendations. By simply inputting an address, AI goes to work in analyzing the asset’s factual information along with the aforementioned indicators to produce right-sized assumptions and its final value.
