A faster first-draft valuation tool for one team
Overview
Airodevs built an internal valuation tool for one commercial advisory team that assembles a first-draft income approach valuation from a property's rent roll and a library of recent comparable sales, cutting the time a valuator spends on setup before applying their own judgement to the final number.
Client
A global commercial real estate brokerage and services firm with valuation and advisory practices operating across Canada, serving institutional and private clients across office, retail and industrial assets. One advisory team handling mid-market commercial valuations asked for a way to cut the setup time on routine income approach assignments.
Challenge
Each valuation assignment started with a valuator manually entering a rent roll into a spreadsheet template, then searching a shared comparable sales database and copying relevant transactions across by hand. For a straightforward income approach assignment, this setup work took most of a day before any actual analysis or judgement began, and busy periods meant assignments queued up waiting for valuator time.
Solution
We built a tool that parses an uploaded rent roll, searches the firm's comparable sales database for the closest matches by asset type, location and size, and assembles a first-draft income approach model with the comparables already populated. Valuators review and adjust every input in a Next.js interface before signing off, with the tool handling setup so their time goes into judgement rather than data entry.
Areas of Impact
Routine income approach valuation assignments for mid-market commercial assets, comparable sales research, which now returns a ranked shortlist instead of a manual database search, and assignment turnaround during busy periods, where the queue of waiting assignments shortened once setup time dropped.
Results
average setup time down from 6.5 hours -> 2.3 hours per assignment
throughput up from 3.1 -> 4 assignments per valuator per week
turnaround down from 4.2 -> 3.4 business days
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Toronto, Ontario
Canada