Property Development Feasibility Software
Build and time development budgets, model construction financing, forecast project cash flows from first cost through exit, and calculate project and partnership returns. All in your browser.
Start your free 7-day trial. No demo required.
Time hard and soft costs by month
Model construction loan draws and interest
Forecast project cash flows, value, and returns
Run sensitivities and partnership waterfalls
A simpler way to model development feasibility
PropertyMetrics is browser-based commercial real estate development software for modeling property development feasibility. Build a complete development proforma, time hard and soft costs, model construction loan draws and interest, forecast project cash flows, and calculate investor returns in one application.
Move from initial assumptions to a complete feasibility analysis in one clear workflow, using a calculation engine built, tested, and maintained by our team.
Easy to learn
Move from assumptions to a complete feasibility analysis without weeks of training.
Tested and maintained
Our team builds, tests, and updates the calculation engine, so you do not have to maintain a custom spreadsheet model.
Development budget and timing
Time land, hard costs, soft costs, and other project expenses across the development schedule.
Construction financing
Connect selected costs to a construction loan and calculate monthly draws and interest.
Works in your browser
Use PropertyMetrics on Mac, Windows, or tablet. No desktop installs, VPNs, or remote desktops.
Review-ready reports
Export branded PDF and Excel packages for partners, lenders, investors, and internal review.
Development feasibility comes down to when money goes out and when it comes back
Development costs occur month by month. Construction debt funds some costs but not others, and interest grows as the loan is drawn.
The project may not generate cash until much later through lease-up, operations, or sale. That timing determines how much capital the project needs, what it is worth, and what investors earn.
PropertyMetrics connects the full project timeline in one model, from land and development costs through construction financing, project cash flows, exit, and partnership distributions.
Start your free 7‑day trial
Cancel anytime. No demo required.
Looking for an ARGUS EstateMaster or ARGUS Developer alternative?
PropertyMetrics covers many of the property-level financial modeling workflows teams use ARGUS EstateMaster or ARGUS Developer for, including development budgets and timing, construction financing, project cash flow forecasting, scenario analysis, valuation, and partnership returns.
It runs in your browser, is designed to be easier to learn and share, and offers a direct self-service trial with straightforward pricing. ARGUS may remain the better fit for certain enterprise development-management and portfolio workflows.
Trusted by CRE professionals
I’m a 30+ year seasoned veteran in shopping center development. PropertyMetrics is an excellent source of information with professional grade software for analysis and presentation. I highly recommend it.
Frank C. Guess
Partner, Barnhart Guess Properties
I am not only an MAI appraiser, but also an investor and syndicator. I find your information and tools invaluable.
Craig A. Schumacher, MAI
Managing Partner, IRV Consultants
Your product is great, very intuitive and easier to use than Argus.
John Dickerson
Valuewize
From first cost to final return
Build and time the development budget
Add land, hard costs, soft costs, and other project expenses, then schedule each cost by month.
See when capital is required and how changes to cost or timing affect total project cost and returns.
Model construction financing month by month
Choose which development costs are funded by the construction loan. PropertyMetrics calculates monthly draws, interest, and loan balances as costs occur.
Review funding needs and monthly sources and uses without maintaining a separate draw model.
Forecast project cash flows through exit
Connect the development phase to the cash flow the project is expected to produce. Model lease-up, other income, operating expenses, market leasing, stabilization, and exit assumptions.
See the project timeline from first cost through stabilized operations and final disposition in one model.
Test feasibility, value, and returns
Run DCF and sensitivity analyses to see how changes in costs, timing, rents, financing, and exit assumptions affect value and returns.
Compare scenarios and watch IRR, NPV, equity multiple, and other metrics update without rebuilding the underlying model.
Calculate project and partnership returns
Define preferred returns, IRR-based hurdles, and custom LP/GP splits. PropertyMetrics calculates contributions, distributions, unreturned capital, XIRR, and equity multiples period by period.
Export the full waterfall to PDF or Excel alongside the development proforma and DCF.
Turn the feasibility into a review-ready report
Export branded PDF and Excel packages containing the development proforma, cost budget, sources and uses, loan draw schedule, project cash flows, valuation, and supporting schedules.
Add your logo and contact information, then deliver a polished package to partners, lenders, investors, or clients.
Share one live development model
Invite teammates to co-edit or send partners, lenders, consultants, and clients a secure read-only link.
Everyone sees the current assumptions and results without stale attachments, conflicting spreadsheets, or uncertainty about which file is current.
See the whole project in one model
Connect development costs and construction financing to project cash flows, value, sensitivity analysis, and partnership returns.
See how a change in one assumption affects capital needs, timing, value, and returns across the entire project.
Know whether the project works before you build it
Start your free 7-day trial. Cancel anytime. No demo required.
Frequently Asked Questions
Property development feasibility software helps developers model project costs, financing, timing, revenues, value, and returns before committing capital.
PropertyMetrics is browser-based real estate development financial modeling software for commercial projects. It connects the development budget, construction financing, project cash flows, valuation, sensitivity analysis, and partnership returns in one model.
Add land, hard costs, soft costs, and other project expenses, then time each cost by month. Choose which costs are funded by the construction loan and enter the loan assumptions.
PropertyMetrics calculates monthly costs, loan draws, interest, sources and uses, project cash flows, value, and returns as the assumptions change.
Use PropertyMetrics for ground-up and value-add commercial real estate projects, including office, retail, industrial, multifamily, self-storage, mixed-use, and other property types.
The software is built for financial feasibility and development proforma modeling. It is not a construction project-management or accounting system.
Yes. Add land, hard costs, soft costs, and custom cost line items. Set start dates and timing assumptions for each cost so the development budget is reflected month by month.
Yes. Select the development costs funded by an interest-only construction loan. PropertyMetrics calculates monthly draws, interest, the loan balance, and a detailed sources-and-uses schedule.
Yes. Add rent rolls, other income, operating expenses, market leasing assumptions, vacancy, capital expenditures, and inflation. PropertyMetrics connects lease-up and stabilized operations to the development model and valuation.
Yes. Run DCF and sensitivity analyses and compare alternative development scenarios. As you adjust model assumptions, value and return metrics update.
Yes. Define multi-tier waterfall structures with preferred returns, IRR-based hurdles, and custom LP/GP splits. PropertyMetrics calculates distributions period by period, tracks unreturned capital, and reports XIRR and equity multiples for the partners and project.
For property-level development feasibility, PropertyMetrics covers many of the financial modeling workflows teams use ARGUS EstateMaster or ARGUS Developer for, including development budgets, construction financing, project cash flow forecasting, DCF analysis, sensitivity analysis, and investor returns.
PropertyMetrics runs in your browser, is designed to be easier to learn and share, and offers a direct free-trial process. ARGUS may remain the better fit for certain enterprise development-management and portfolio workflows.
Yes. Export branded PDF and Excel packages containing the development proforma, budget, sources and uses, loan draw schedule, project cash flows, valuation, and supporting schedules.
You can also invite teammates to co-edit or send a secure read-only link to partners, lenders, consultants, and clients.
No. PropertyMetrics runs in your browser on Mac, Windows, or tablet. No downloads, VPNs, remote desktops, or IT setup are required. Updates happen automatically.
Yes. Start a free 7-day trial and use your own project to build a development proforma, model construction financing, test feasibility, and calculate project returns. Cancel anytime. No demo required.