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- Property Valuation System
- Who it's for
- Mixed-use properties
Mixed-use properties
A mixed-use property may have units with different purposes and areas. Unit type and area help the valuation team distinguish the subject of a comparable analysis. The property name and unit number keep the operating team oriented, while leases provide the operational reference for comparable sales. A reviewer can read the sale source and adjustment reason without losing the unit context.
How Property Valuation System is set up for you
Unit type
Record a recognizable unit type for each space so similar numbers do not mask different uses.
Area basis
Agree what area is recorded for units and sales before comparing price per square foot.
Agreement context
Use the lease's unit and tenant links to check which space a sale is being related to.
Work status
Read open service requests and a Maintenance unit status before discussing an adjustment.
A mixed-use property may have units with different purposes and areas. Unit type and area help the valuation team distinguish the subject of a comparable analysis. The property name and unit number keep the operating team oriented, while leases provide the operational reference for comparable sales. A reviewer can read the sale source and adjustment reason without losing the unit context.
Choose one property containing two different unit types. Enter each unit with its own area and status, then connect a lease to the intended subject unit. Capture a sale with the source reference, address, date, price and area. In Adjustments by Unit, ask the reviewer to explain why the comparable fits that particular unit and how the recorded adjustment amount changes the readout. A wrong unit link is a useful rehearsal case because the calculated result may still look plausible.
Use Lease Schedule to compare agreement dates when the property has changed tenants. Check the sale's operational lease reference against the unit selected for the adjustment. Have Property Manager resolve unit identity before Valuation Reviewer signs off on a reason. Where a service issue affects condition, keep the request tied to the actual unit and use its status as context, not as an automatic adjustment rule.
Features to start with
Roles on the team
- Property Manager
- Owns unit context and follows lease and service work.
- Lease Reviewer
- Decides whether a lease in Review can become Active for its unit.
- Valuation Coordinator
- Captures comparable sales and prepares unit-linked adjustment evidence.
- Valuation Reviewer
- Reviews adjustment reasons, amounts and comparable context.
Set up Property Valuation System your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.