FREE DEVELOPMENT TOOL
Preliminary Development Pro Forma
Use the calculator below to explore how development assumptions impact the anticipated profit of development sites.
Test different scenarios for land price, revenue, costs, and financing to understand how these changes influence project viability
1. Project Size
Estimate gross buildable and net saleable or rentable floor area.
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sf
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%
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sf
Gross Buildable Area
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Saleable Area
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Estimated Unit Count
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2. Revenue & Valuation
Choose the method that best matches the proposed development.
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$/sf
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%
Average Unit Price
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Gross Revenue
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Net Revenue
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$/sf
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%
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$/sf
Gross Annual Rent
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Net Operating Income
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Total Valuation
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3. Costs
Apply simplified cost allowances to gross buildable area.
Design, legal and marketing, municipal fees, financing and contingency are each calculated as a percentage of hard construction costs.
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$
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% of land
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$/sf
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%
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%
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%
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%
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$
Hard Construction Cost
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Important: This calculator is intended for preliminary educational analysis only. The income approach assumes stabilized occupancy and capitalizes annual NOI directly. A complete development proforma may also include vacancy, lease-up, tenant inducements, taxes, escalation, phasing, absorption, detailed financing schedules, carrying costs and other project-specific items.
