LogoAppraise
Live Proposal Engine

— Appraise

Proposals that close before the other broker opens a spreadsheet.

appraise_engine — proposal.sh
running
// APPRAISE ENGINE v4.2.1 — initializing... $ fetch_comps --address="847 N Michigan Ave, Chicago IL" ✓ Comparable #1: 820 N Michigan — $4,250,000 @ $387/sqft ✓ Comparable #2: 900 N Michigan — $6,100,000 @ $401/sqft ✓ Comparable #3: 835 N Michigan — $3,875,000 @ $374/sqft $ analyze_market --radius=0.5mi --type=commercial --sqft=10800 → Avg cap rate (submarket): 5.42% → Avg price/sqft (trailing 6mo): $387.33 → Zoning: B3-3 (General Business). FAR: 10.0 $ build_proposal --noi=231000 --caprate=5.42 --irr=14.8 ─── NOI: $231,000 / yr ─── Cap Rate: 5.42% ─── Implied Value: $4,262,730 ─── Projected IRR: 14.8% (5yr hold)  ✦ PROPOSAL READY — 847 N Michigan Ave → $4,262,730

No credit card required · First proposal free · Outputs in PDF + DOCX

Avg Time Saved
4.2 hrs

per proposal

Comp Accuracy
97.3%

vs manual pull

Deals Closed
$2.4B+

platform volume

Active Brokers
3,841

this month

847 deals generated in the last 24 hours across Chicago, NYC, LA, Miami, and Dallas markets.

◆Cap Rate Modeling◆IRR Projections◆Live Comp Pulls◆Zoning Analysis◆NOI Calculations◆Offering Memorandums◆Investor Packages◆Market Radius Scan◆Price/SqFt Benchmarks◆Debt Service Coverage◆Equity Waterfall◆Sensitivity Tables
02 / Interactive Explorer

Pull comps. Adjust parameters. Watch the number move.

This isn't a demo — it's the actual comp engine. Change property type, drag the sliders, and see market data reorganize in real time.

1,00050,000 sqft
0.1 mi5.0 mi
Avg Price/SqFt$0
Avg Cap RateN/A
Implied Value$0.00M
Comps Found5 within 0.5mi
Address
SqFt
Sale Price
$/SqFt
Cap Rate
Date
Status
820 N Michigan Ave
10,200
$4.25M
$417
5.3%
Jan 2026
sold
900 N Michigan Ave
15,200
$6.10M
$401
5.6%
Dec 2025
sold
835 N Michigan Ave
10,350
$3.88M
$374
5.1%
Nov 2025
sold
760 N Michigan Ave
8,900
$3.32M
$373
4.9%
Oct 2025
sold
1000 N Michigan Ave
22,000
$8.80M
$400
5.4%
Feb 2026
active
5 comparables · commercial · 0.5mi radius · Chicago, IL● Live data
03 / Proposal Engine

Every line item, editable and justified.

The proposal assembles itself from your inputs. Tap any row to override. The engine recalculates downstream in real time — cap rate, IRR, implied value.

Quote Breakdown — 847 N Michigan Ave
live calc
Gross Potential Income (GPI)
$287,400
Vacancy & Credit Loss (5.5%)
− $15,807
Effective Gross Income (EGI)
$271,593
Operating Expenses
− $40,489
Net Operating Income (NOI)
$231,104
Cap Rate (market-derived)
5.42%
Indicated Value (Income Approach)
$4,263,726
Price Per Square Foot
$394.79 / sqft
Projected IRR (5yr hold)
14.8%

Click any editable row to override · Values auto-cascade downstream

Proposal Preview

847 N Michigan Ave — Commercial Office

Chicago, IL 60611 · B3-3 Zoning · 10,800 SqFt

$4,263,726
NOI$231,104
Cap Rate5.42%
IRR (5yr)14.8%
Income Analysis — Visual
$287K
GPI
$16K
V&C
$40K
OpEx
$231K
NOI
$4.26M
Value
Market Benchmarks
Price/SqFt vs Submarket Avg$394 vs $387
Cap Rate vs Market Range5.42% (4.8–6.1%)
Occupancy Confidence91% (trailing 12mo)
IRR vs Benchmark14.8% vs 12.4% target
Zoning Analysis
ClassificationB3-3
FAR10.0
Max Height260 ft
Permitted UseCommercial / Mixed
04 / Field Results

Brokers who stopped losing on presentation.

$2.4B+

Deal volume on platform

3,841

Active brokers this month

4.2 hrs

Average time saved per OM

97.3%

Comp accuracy vs manual

14 min

Avg time to first proposal

89%

Win rate reported by users

"

I used to spend a Sunday night building an OM from scratch. Now I walk into Monday morning with a PDF that looks like it cost $8,000 to produce. The cap rate math is airtight — I stopped double-checking it after week two.

+$14.2Mdeal closed

Closed $14.2M mixed-use portfolio, Q4 2025

M

Marcus Tillman

Senior VP Investments

Meridian Capital Group, Chicago

"

Competing against five other firms for a Gold Coast listing. I submitted an Appraise proposal with live comp citations and an IRR waterfall. The client called it 'the most professional document I've seen from a residential broker.' We got the listing.

5/5firms beaten

$3.8M luxury condo listing won, Jan 2026

P

Priya Nair

Luxury Residential Specialist

Compass Chicago — Gold Coast

"

My investor clients speak fluent IRR. Before Appraise, I was spending 6 hours translating raw data into their language. Now I pull the address, set the hold period, and the equity waterfall builds itself. I've closed three deals this quarter that I'd have lost on timing alone.

3×deals this quarter

3 investor deals closed Q1 2026

D

DeShawn Carter

Development Consultant

Carter Ventures — Atlanta

Trusted by brokers at

CBREJLLCushman & WakefieldColliersCompassMarcus & MillichapMeridian Capital
05 / Start Building

Generate your first
proposal in 14 minutes.

Commercial, residential, or land — the engine adapts. No templates to fill, no spreadsheets to build. Just the address, the numbers, and a PDF your client will stake a decision on.

  • Live comp pulls from MLS + off-market data
  • Cap rate, NOI, IRR — calculated, not estimated
  • PDF + DOCX export, investor-ready formatting
  • Editable quote rows with downstream recalculation
  • Zoning data auto-populated from address

Delivers a full OM PDF · Captures email only

01 — Property TypeGenerate My First Proposal

First proposal free · No credit card · PDF + DOCX output