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
Hospitality & Outdoor
Hotel
RevPAR, ADR, and fair-share penetration against the competitive set and pipeline, benchmarked to STR-class demand and stabilized occupancy.
View →RV Park
Seasonal occupancy curves, site-mix economics, and operator capability across campground, full-hookup, and Class-A resort formats.
View →Wedding Venue
Bookable event-date capacity, average booking value, and seasonality measured against the regional event-demand pool.
View →Glamping
Safari tent, yurt and cabin resorts: gateway-park demand, permits and site systems.
View →Marina
Wet slips and dry stack by boat length, seasonal rates, waterway permits, fuel rules and the SBA transient test.
View →Residential & Care
Multifamily
Net absorbable renter demand, achievable rent net of concessions, and the delivering pipeline tested against a defensible DSCR.
View →Senior Housing
Penetration by age cohort, payor mix, and absorption across independent living, assisted living, and memory care.
View →Daycare
Licensed-capacity demand, enrollment ramp, and staff-to-child ratios against trade-area household density and competing centers.
View →Assisted Living
Assisted living and memory care demand, state licensure and fill-up evidence.
View →Skilled Nursing
Bed authority and certificate of need, payer mix, Medicare and Medicaid rates, staffing and HUD 232 or SBA rules.
View →Manufactured Housing
Land-lease communities: site demand, lot rent, occupancy, home ownership mix and state lot-rent statutes.
View →Charter School
Enrollment by grade, per-pupil revenue, charter term and renewal risk, facility cost and coverage.
View →Industrial & Storage
Industrial
Warehouse and logistics absorption, clear-height and dock specification, and rent positioned against the submarket pipeline.
View →Self-Storage
Square-feet-per-capita saturation, a credible lease-up curve, and street-rate trajectory across the trade area.
View →Data Center
Power availability and cost, connectivity, and absorption against regional hyperscale and colocation demand.
View →Cold Storage
Refrigerated warehouses: pallet positions, power, ammonia and refrigerant rules, and customer evidence.
View →Boat & RV Storage
Registered boats and RVs, product mix, lien rules and site systems for vehicle storage.
View →Retail, Food & Fuel
Gas Station
Fuel-volume and inside-sales projections, traffic counts, and competitive fuel positioning along the corridor.
View →Car Wash
Captured-car volume, membership conversion, and throughput against vehicle counts and local saturation.
View →Restaurant
Sales-per-square-foot, daypart mix, and break-even. The highest-risk operating category in commercial real estate.
View →Brewery
Taproom-versus-distribution revenue split, barrel capacity, and the three-tier and licensing constraints that shape the model.
View →Truck Stop
Travel centers: truck counts, diesel gallons and margin, parking, tanks and SBA or USDA coverage.
View →Retail
Trade-area spending, supportable square feet, anchor and co-tenancy risk, and SBA occupancy tests.
View →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 reviewing 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.
Not universally, but the expectation rises with the asset's risk and specialization. Under SBA SOP 50 10 8, special-purpose assets such as hotels, gas stations, car washes, senior living, and event venues carry a higher equity injection and a clear expectation of an independent feasibility study, while multipurpose assets such as self-storage, industrial, and standard restaurant real estate are treated more leniently. USDA Business and Industry generally requires a full independent feasibility study for a new business on a larger guaranteed loan.
The analytical spine is constant: trade-area demand, competitive supply and pipeline, absorption, the financial model, and the resulting debt-service coverage. What changes is the demand unit and the binding variable: renter households and net absorption for multifamily, RevPAR and penetration for hotels, square-feet-per-capita saturation for self-storage, fuel volume and inside sales for gas stations, sales-per-square-foot for restaurants.
We prepare lender-grade feasibility studies across hospitality and outdoor (hotel, RV park, wedding venue), residential and care (multifamily, senior housing, daycare), industrial and storage (industrial, self-storage, data center), retail, food and fuel (gas station, car wash, restaurant, brewery), and office and mixed-use (medical office, mixed-use), with additional property types available on request.
Multipurpose, or multi-tenant, real estate can be readily repurposed for another use or tenant (self-storage, industrial, standard office and retail, market-rate multifamily), which lowers the lender's collateral risk and the borrower's equity requirement. Special-purpose, or single-use, real estate is built for one function and costly to convert (hotels, gas stations, car washes, senior living, breweries), which raises the equity injection and the expectation of independent feasibility support.
Yes. Every study is scoped to the capital source (SBA 7(a) and 504, USDA Business and Industry and Community Facilities, conventional bank, CMBS, life-company, or agency multifamily), so the demand methodology, comparable selection, and coverage tests match what that program's credit review requires.
Get a feasibility study scoped to your asset class and your lender.
Independent, lender-ready, and delivered on time.