CREagentic is an AI-powered platform for commercial real estate built around The Analyst — a conversational AI employee that handles deal underwriting end-to-end: valuation, BOVs, waterfalls, dispositions, IC memos. You can also access individual analysis tools directly — rent roll parsing, T-12 parsing, environmental report analysis, and more — as power-user deep-links from the dashboard.

How does CREagentic compare to leading analysis software?

CREagentic provides transparent DCF valuation plus The Analyst — chat-driven rather than menu-driven. Individual analysis tools (lease abstraction, LOI redlining, CAM reconciliation, rent roll parsing, T-12 parsing, and more) are accessible directly or through The Analyst's workspace. CREagentic starts free with no implementation fees.

Property managers, asset managers, CRE brokers, accountants, and acquisition teams at REITs, private equity firms, and property management companies use CREagentic.

Yes. The free demo includes 10 one-time AI credits with no credit card required. Paid plans include monthly AI credits; complex documents use more credits. Advanced features like PDF/Excel exports and scenario analysis require a paid plan.

What is AI lease abstraction?

AI lease abstraction uses artificial intelligence to extract structured data from commercial lease documents in a fraction of the time manual review takes. CREagentic extracts 200+ fields including rent schedules, CAM provisions, options, and critical dates.

What is CAM reconciliation?

CAM reconciliation is the annual process of comparing actual common area maintenance expenses to the monthly estimates collected from tenants, resulting in either an additional charge or a credit for each tenant.

How do you calculate terminal value in a DCF?

Terminal value (reversion) is calculated by dividing the projected NOI in the year after the hold period by the terminal capitalization rate, then deducting costs of sale (typically 2-3%). This represents the estimated sale price at the end of the investment period. The terminal value is then discounted back to present value along with the operating cash flows.

What discount rate should I use for commercial real estate?

Discount rates for commercial real estate typically range from 6-12%, depending on property type, location, tenant quality, and market conditions. Core stabilized assets in gateway markets may use 6-8%, while value-add or opportunistic investments may warrant 9-12% or higher. The discount rate should reflect the risk-adjusted return required by investors for the specific asset.

DCF Calculator

Discounted cash flow analysis for commercial real estate. Project NOI, estimate terminal value, and calculate present value. Free, instant, no login required.

Year 1 NOI

NOI Growth Rate

Hold Period (Years)

Discount Rate

Terminal Cap Rate

Costs of Sale

Square Feet

What is a DCF Analysis in Commercial Real Estate?

A discounted cash flow (DCF) analysis is the institutional standard for valuing income-producing commercial real estate. It projects a property's net operating income (NOI) over a defined hold period, estimates a terminal sale value (reversion), and discounts all future cash flows back to present value using a risk-adjusted discount rate.

Unlike a simple cap rate valuation that provides a single-period snapshot, DCF captures NOI growth, lease rollovers, capital expenditures, and exit timing to produce a more comprehensive estimate of intrinsic value.

How to Calculate Terminal Value in a DCF

The terminal value (or reversion) represents the estimated sale price at the end of the hold period. It is calculated using the direct capitalization method:

Terminal Value = Next Year NOI / Terminal Cap Rate

The terminal cap rate is typically set 25-75 basis points above the going-in cap rate to reflect the aging of the asset. Costs of sale (usually 2-3%) are then deducted to arrive at net reversion proceeds.

The present value of the terminal sale often represents 50-70% of the total DCF value, making the terminal cap rate assumption one of the most sensitive inputs in the analysis.

What Discount Rate Should I Use?

The discount rate reflects the risk-adjusted return an investor requires for the specific asset. Typical ranges by strategy:

Core (Stabilized)

6.0% - 7.5%

Core Plus

7.5% - 9.0%

Value-Add

9.0% - 11.0%

Opportunistic

11.0% - 15.0%

The discount rate should exceed the risk-free rate (10-year Treasury) by a risk premium that accounts for illiquidity, credit risk, and market volatility. Most institutional investors build up their discount rate using a risk-free rate plus a property-specific risk premium.

Need a full DCF model?

CREagentic's Valuation Engine provides rigorous cash flow modeling with tenant-level projections, debt structuring, and waterfall analysis. Start free.

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