Professional underwriting tools for IRR, cash-on-cash returns, DSCR, master lease structures, industrial warehousing, and hospitality investments — built for the way real deals get done.
Each tool models real deal economics — annual cash flows, hold-period returns, sensitivity tables, and exit scenarios — so you can underwrite with confidence.
Model levered and unlevered internal rate of return across any hold period. Includes year-by-year cash flow table, equity multiple, and exit cap rate sensitivity analysis.
Calculate annual pre-tax cash-on-cash yield based on NOI, debt service, and equity invested. Compare leveraged vs. all-cash scenarios side by side.
Determine whether a property's net operating income covers its debt service. Model lender stress tests, IO periods, and minimum NOI thresholds for loan approval.
Underwrite triple-net investments with scheduled rent bumps, tenant credit analysis, and 1031 exchange reversion modeling. Ideal for retail and net-lease assets.
Model warehouse, flex, and logistics assets with market-rent step-ups, TI/LC reserves, and exit cap sensitivity. Built for the supply-constrained industrial markets of 2026.
Underwrite full-service and select-service hotel acquisitions using RevPAR, ADR, occupancy, and NOI margin assumptions. Includes master lease and flag conversion scenarios.
Model multi-tier GP/LP equity waterfalls with preferred return hurdles, catch-up provisions, and promote splits. Built for syndications and joint-venture structures.
Current benchmark cap rates from active transaction data. Use these alongside our calculators to stress-test your exit assumptions.
| Asset Class | Market | Cap Rate Range | Trend |
|---|---|---|---|
| Class A Industrial | Inland Empire | 4.50–5.25% | ▼ |
| Class A Industrial | New Jersey | 4.75–5.50% | → |
| Select-Service Hotel | National | 7.50–8.50% | → |
| NNN Retail (Investment Grade) | National | 5.00–5.75% | ▼ |
| Office (CBD) | Major Markets | 7.00–9.00% | ▲ |
Deep-dive resources written for commercial real estate professionals — from first acquisition to portfolio-level underwriting.
Internal rate of return is the single most important metric in commercial real estate underwriting, yet it is widely misunderstood. This guide explains exactly how IRR is calculated, why it differs from cash-on-cash return, and what IRR benchmarks institutional investors use across asset classes in 2026.
Read Guide →Master leases unlock value in distressed hotels, vacant office buildings, and underperforming multifamily assets by separating ownership from operations. This comprehensive guide covers structure, negotiation leverage, common pitfalls, and how to model a master lease deal in a standard IRR waterfall.
Read Guide →A transparent breakdown of the formulas, assumptions, and data sources behind every calculator on this site — from how we compute IRR and DSCR to where our benchmark cap rates and market data come from.
Read Guide →Quick answers to the questions investors ask most before underwriting their first deal.