Property Condition Assessments
Property Condition Assessments
Our commercial team performs Property Condition Assessments (PCAs), using ASTM E2018-24 as a guide, for lender-driven and investor transactions. A PCA documents the physical condition of a property’s major systems, identifies significant deficiencies, and estimates what it may cost to address them, so you and your lender can underwrite the deal with confidence.
Do You Need a PCA or a Commercial Inspection?
Usually enough
Commercial Inspection
For most buyers and investors.
- Executive summary and system-by-system findings
- General conclusions and an optional five-year cost to cure (Type 2)
- Built for purchase decisions, negotiation and capital planning
When it’s required
Property Condition Assessment
When a lender or the transaction calls for one.
- Scope guided by ASTM E2018-24
- Format suited to lender and investor review
- Estimated costs for significant deficiencies
Not sure? Check your loan terms or ask your lender, then tell us when you request a proposal. Our request form asks whether a lender is requiring a PCA so we can scope it correctly from the start.
What Does a Commercial PCA Include?
A Property Condition Assessment evaluates a property’s visible physical condition, major building systems, maintenance needs and potential capital expenditures, using ASTM E2018-24 as a guide, so buyers, investors and property owners can make informed decisions.
What We Evaluate
Site & Grounds
Parking lots, driveways, sidewalks, grading, drainage, retaining walls and landscaping.
Structure & Foundation
Foundations, structural components, exterior walls, and visible signs of settlement or deterioration.
Roofing Systems
Roof coverings, drainage, flashing, penetrations and visible roof conditions.
Building Exterior
Cladding, windows, doors, waterproofing and exterior finishes.
Mechanical Systems
Heating, ventilation, air conditioning (HVAC) and major equipment.
Electrical Systems
Electrical service, distribution panels, wiring components and visible equipment.
Plumbing Systems
Water supply, drainage, fixtures, water heaters and related equipment.
Fire & Life Safety
Accessible fire sprinklers, fire alarms, fire pumps, emergency lighting and other life-safety features.
Interior Conditions
Walls, ceilings, floors, common areas and accessible interior spaces.
Accessibility
General observations of accessible routes and features, including potential accessibility concerns.
Property History & Document Review
We review available property information, which may include:
- Building and site plans
- Building permits and certificates of occupancy
- Previous renovations, additions and tenant improvements
- Maintenance records and equipment replacement history
- Roof warranties and fire protection inspection records
- Previous reports and other property documentation
Property Representative Interviews
We interview available, knowledgeable property representatives to understand:
- Known building defects and recurring problems
- Previous repairs, renovations and improvements
- Maintenance practices and service history
- Past water intrusion, structural concerns or equipment failures
Capital Expenditure Planning
Our PCA reports identify significant observed deficiencies and anticipated repair or replacement needs, with opinions of probable costs and recommended capital expenditures, as applicable to the agreed scope.
Our Goal
Helping you understand the property’s condition today, anticipate future expenses, and make informed real estate investment decisions.
Assessments are visual and non-invasive. Document reviews, interviews, cost opinions and system evaluations are subject to available information, property access and the agreed scope of services. Specialized testing, comprehensive code compliance reviews and permit verification are not included unless specifically contracted.
Where We Travel
The commercial team inspects properties throughout California, Utah and Idaho. For multi-site portfolios, list each location on your request and we’ll build one proposal. See our service area.
Request a PCA Proposal
Tell us about the property, your lender’s requirements and your deadline, and we’ll send a written proposal.
