CREtelligent.com has added a Property Condition PreScreen report to its suite of commercial real estate due diligence, proptech solutions. By aggregating powerful data sets from several commercial real estate due diligence data sources, the report provides an instant view into a commercial property’s likely conditions prior to any physical inspection, the company said.
“There are times when a commercial real estate professional needs fast insights into underlying property conditions. While site visits, inspections and PCAs are essential tools, the reality is in some cases speed and cost play a role and a quick glance at a property is all you need,” said Anthony Romano, CEO of CREtelligent.
The prescreen reports are ordered and delivered via the CREtelligent Radius platform in less than 30 seconds and identify areas of potential concern as well as a risk rating of low, moderate or elevated. The report is loaded with information including the physical attributes of the site and structure(s), a summary of ownership, estimate of roof age and useful life, replacement costs, historical maintenance activity and value impact, permit activity and more.
Developed as a result of industry feedback, the Property Condition PreScreen provides instant insights for significantly less cost than other solutions and is used under certain scenarios, the company said.
“Sometimes you just need to check the pulse, and other times you need the complete physical,” said Romano.
The Property Condition PreScreen reports are available on RADIUS, CREtelligent’s cloud-based Platform-as-a-Service that allows users to order, receive and archive environmental reports, valuations, property condition assessments, zoning reports, land surveys and more on one secure platform.
