OURODevelopment

Analyze a property

Know what the building will take before you buy it.

Most of the risk in a value-add deal is construction risk. Send us what you have and we'll tell you what we'd want answered before committing.

What you get

A direct, construction-informed response.

  • A read on the construction scope the property likely requires
  • The conditions that most often move a renovation budget
  • Questions to resolve before you commit capital
  • A preliminary planning range, with the assumptions stated
  • A clear view of what still needs drawings, testing or engineering

Property review

Up to 12 files, 15MB each. Photos, inspection reports, drawings or offering memoranda.

A preliminary property review is informational and based on the information you provide. It is not a formal engineering, appraisal, legal, zoning or financial opinion, and it is not a construction estimate or bid.

Feasibility calculator

Run a preliminary range while you're here.

Project inputs

Preliminary planning tool only. Actual costs, schedules and project feasibility depend on site conditions, drawings, permits, market conditions, material pricing and other project-specific factors.

Preliminary output

Preliminary construction range

$2.75M$5.99M

≈ $110 – $240 per sq ft

Estimated project duration

914 months

Major cost drivers

  • Structure12%
  • Mechanical18%
  • Electrical15%
  • Plumbing12%
  • Interior24%
  • Exterior13%
  • Life safety6%

Preliminary development considerations

  • Existing structural capacity and any repair required for the intended use
  • Electrical service capacity at the meter versus the planned program
  • Mechanical equipment location, ventilation and code-required outside air
  • Plumbing stack reuse versus new risers for the proposed layout
  • Occupancy classification changes and resulting egress, separation and accessibility requirements
  • Roof assembly age and drainage
  • Permit and municipal review timelines in the jurisdiction
  • Material lead times for long-lead equipment
  • Hazardous material survey and abatement scope in pre-1980 buildings
  • Unit turn duration, phasing and displacement of existing occupants