Property Condition Assessment (PCA)
Smart Site Reviews provides independent property condition assessments and limited-scope condition reviews for commercial real estate lenders, investors, buyers and owners. We tailor each engagement to the client’s objectives – from a focused visual assessment of current property conditions to a baseline PCA that includes repair-cost opinions and, when requested, longer-term capital planning. Our assessments combine an on-site walk-through, review of agreed available information and practical construction judgment. We evaluate representative, reasonably accessible areas; identify significant readily observable deficiencies; and present our findings in a concise, photo-supported report designed for commercial real estate decision-makers.
Select the Scope that Fits the Assignment
Baseline Property Condition Assessment
When requested, Smart Site Reviews can perform a baseline PCA in general accordance with ASTM E2018-24. This service is a comprehensive assessment of readily observable property conditions, available documents and significant deficiencies.
The agreed scope may include:
- A walk-through survey of major property systems and components
- Review of available property documents and interviews with knowledgeable representatives
- Identification of material readily observable physical deficiencies
- Recommended corrective actions or additional evaluation
- Order-of-magnitude cost opinions for immediate and short-term repairs above an agreed reporting threshold
- Long-term capital-expenditure projections or reserve analysis when specifically included in the engagement
Limited-Scope PCA / Visual Condition Review
For clients who need reliable field information without a full repair-cost or capital-planning analysis, Smart Site Reviews offers a focused, limited-scope review of agreed property areas, systems or concerns. This service is a focused, nonintrusive visual review documenting readily observable conditions and significant observed deficiencies through photographs and concise narrative findings.
Unless specifically added to the engagement, it does not include:
- Repair-cost estimates or opinions of probable cost
- Anticipated capital-expenditure projections
- Replacement-reserve schedules
- Remaining-useful-life projections
- Evaluation of systems or areas outside the agreed scope
Because this modified service omits certain elements of the ASTM baseline process, it is not represented as a baseline ASTM E2018-24 PCA. The specific areas reviewed, documents considered and report content are established with the client before the engagement begins.
Whether the assignment requires a baseline PCA or simply an experienced set of eyes at the property, Smart Site Reviews will help define an efficient scope matched to the property, transaction and decision at hand.
Representative systems and components and documents reviewed may include:
| Systems and components | Documents |
| Site and exterior improvement | Prior property condition reports |
| Structure and building envelope | Property plans or drawings |
| Roofing | Capital-expenditure history |
| Mechanical systems | Repair and maintenance records |
| Electrical systems | Roof information and warranties |
| Plumbing systems | HVAC schedules and equipment information |
| Interior and common areas | Elevator inspection or service information |
| Life-safety systems | Fire/life-safety inspection information |
| Vertical transportation | Recent major repair or replacement documentation |
| Other property-specific systems included in the engagement | Property management and ownership questionnaires |
| Other building-system information relevant to the assignment |