Commercial Brokerage Suite

Property Investment Calculator for Commercial Brokers

Deliver institutional financial models, cap rate sensitivity grids, and debt service coverage assessments to your commercial investor clients with speed and precision. Generate branded presentation tear-sheets in under 60 seconds with 100% browser privacy.

Commercial Brokerage Deal Underwriting Workflow

Commercial real estate transactions require rigorous financial substantiation. High-net-worth buyers, private equity syndicators, and family offices expect complete financial breakdowns before signing letters of intent (LOI).

1. Rent Roll Audit

Abstract tenant lease terms, expiration dates, renewal options, escalations, and CAM reimbursement structures to calculate scheduled base rent.

2. NOI Normalization

Reconcile seller Trailing-12 expenses against market standard operating expense ratios, adjusting for post-sale property tax reassessments.

3. Lender DSCR Sizing

Verify that property net income satisfies the 1.25x minimum debt service coverage required for commercial mortgage financing.

Essential Broker Due Diligence Verification Protocols

Top investment sales brokers verify the following 4 core items prior to distributing offering memorandums (OM):

Historical Collections vs. Scheduled Rent

Cross-reference gross scheduled rent against bank deposit statements to identify bad debt write-offs and tenant delinquency.

Tenant Lease Rollover Exposure (WALT)

Calculate Weighted Average Lease Term to ensure major credit tenants do not expire concurrently during the acquisition hold period.

Capital Expenditure Sinking Reserves

Include realistic replacement reserves for parking lot resurfacing, HVAC replacements, and roof membranes ($0.15 to $0.35/sq ft).

Municipal Tax Reassessment Shielding

Model county ad valorem tax adjustments based on new purchase price to prevent sudden post-closing cash flow compression.

Worked Case Study: $2.4M Industrial Flex Property

Underwriting summary for a 16,000 sq ft multi-tenant industrial flex warehouse:

Asking Price: $2,400,000 | 30% Equity Down ($720,000) | $1,680,000 Commercial Loan @ 6.60% (25-Yr Amortization)
• Gross Scheduled Rent: $228,000 / yr ($19,000 / mo across 4 flex suites)
• NNN Operating Expenses: $57,000 / yr (reimbursed by tenants)
• Net Operating Income (NOI): $171,000 / yr (7.13% In-Place Cap Rate)
• Annual Debt Service: $137,800 / yr ($11,483 / mo)
• Pre-Tax Net Cash Flow: +$33,200 / yr (+$2,766 / mo net)
• Lender DSCR: 1.24x | Cash-on-Cash Return: 4.61% + $27,000/yr Principal Reduction (8.36% Total ROI)

Featured Underwriting Engines

How Commercial Brokers Package Investment Teasers for Private Equity

Institutional investment committees review dozens of offering packages weekly. Commercial brokers who present concise 1-page financial snapshots featuring normalized NOI, verifiable cap rate comps, tenant credit ratings, and conservative debt sizing consistently win exclusive mandates and accelerate closing timelines.

Key Deliverables to Include in Every Broker Pitch:
  • Verified Trailing-12 financial summary with normalized non-recurring vendor expenses
  • Complete tenant rent roll detailing square footage, base rent, renewal options, and CAM structures
  • Debt sizing schedule confirming lender DSCR compliance at prevailing commercial interest rates
  • 5-year to 10-year discounted cash flow proforma modeling terminal disposition yields

Frequently Asked Questions for Commercial Brokers

How do commercial brokers underwrite investment properties?

Brokers audit Trailing-12 historicals, normalize expenses, calculate NOI, apply submarket cap rates, and verify debt coverage.

What is an in-place cap rate?

In-place cap rate is the unlevered return based on verified historical revenue over the preceding 12 months.

How does NNN lease structure impact underwriting?

Triple Net leases require tenants to reimburse property taxes, insurance, and CAM, protecting landlord net income from expense inflation.

What DSCR ratio do lenders require?

Commercial mortgage lenders typically require a minimum 1.25x Debt Service Coverage Ratio.