Coverage

    Commercial Real Estate Feasibility Studies by Asset Class

    Independent, lender-grade feasibility studies across 15+ commercial real estate property types. The asset class sets the demand methodology, the comparable set, and the financing path — and every study is built to the standard a credit committee applies.

    The asset class governs the study

    A feasibility study is not a template applied uniformly to every deal. The property type determines which question the analysis must answer. A multifamily project lives or dies on net absorbable renter demand and the units about to deliver into its submarket; a hotel turns on penetration against the competitive set and pipeline; a self-storage facility on square-feet-per-capita saturation and a credible lease-up curve; a gas station on fuel volume, inside sales, and traffic. Each asset also carries a distinct operating model and risk profile, and each is financed through a different path. Selecting the wrong analytical frame — or a generic one — is the fastest way to a study a credit committee discounts.

    Asset Coverage

    Coverage by asset class

    Special-purpose and multipurpose property

    For SBA financing, the single most consequential distinction is whether the real estate is special-purpose or multipurpose. Multipurpose, or multi-tenant, assets can be repurposed for another tenant or use, which lowers collateral risk and equity requirements under SOP 50 10 8. Special-purpose, or single-use, assets are built for one function and costly to convert, which raises the equity injection and the lender's expectation of an independent feasibility study. The classification shapes the financing structure before the first demand figure is modeled, and it is reflected in how each asset-class study is scoped.

    Multipurpose · lower equity (SBA)

    • Self-Storage
    • Industrial
    • Medical Office
    • Restaurant
    • Mixed-Use

    Special-purpose · higher equity, feasibility expected (SBA)

    • Hotel
    • Gas Station
    • Car Wash
    • Senior Housing
    • Wedding Venue
    • RV Park
    • Brewery
    • Daycare

    Primarily conventional / agency / CMBS

    • Multifamily
    • Data Center

    One methodology, tuned to each asset

    Every Feasibility Study Consultant deliverable runs on the same analytical spine: the trade area and true submarket, demand built from its underlying drivers, the competitive set and forward pipeline, the resulting absorption and capture, a financial model grounded in those figures, and the debt-service coverage the financing requires. What changes across asset classes is the demand unit, the comparable selection, and the binding constraint — not the rigor or the structure. That consistency is what lets a lender compare a hotel study and a self-storage study with equal confidence.

    Review the cross-asset methodology →

    Matched to your capital source

    A feasibility study is only as useful as its fit with the program underwriting it. Each asset-class engagement is scoped to the capital source, so the demand methodology, comparable selection, and coverage tests match what that lender's credit process applies.

    Frequently asked questions

    A feasibility study tests whether a specific project can generate the demand, occupancy, and cash flow its financing requires. The asset class governs the analysis: each property type has its own demand drivers, comparable set, operating model, and risk profile, so a hotel study, a self-storage study, and a multifamily study answer materially different questions even though they share one analytical spine.

    Get a feasibility study scoped to your asset class and your lender.

    Independent, underwriter-ready, and delivered on time.