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| Name | Description |
| Area Characteristics | How do you rate the overall location (geography, municipality, zoning, natural threats, etc.) of the property? |
| Municipality | How suitable is the municipality (city, township, county) where the property is located? |
| Location | How desirable is the location of the property within the municipality? |
| Geography | How desirable is the geography surrounding the property? (Wooded, water front/view, mountains, high desert, etc.) |
| Threats | How susceptible is the property to natural disasters (flooding, avalanche, forest fires, tornados, hurricanes, etc.)? |
| Zoning | How desirable is the zoning for surrounding vacant properties? |
| Locality considerations | How suitable are the overall neighborhood characteristics (services, cultural, noise/pollution, traffic, crime, etc.) surrounding the property? |
| Crime rate | What is the neighborhood (area) crime rate? |
| Neighborhood services | How suitable are the services (restaurants, emergency, transportation, shopping, etc.) available to the area? |
| Restaurants | What is the proximity to restaurants, diners, etc., for employees? |
| Emergency services | What is the proximity to emergency services (police, fire, rescue, hospital, etc.)? |
| Business services | What is the proximity to business service needs (gas, office supplies, copy/print services, etc.)? |
| Employee shopping | What is the proximity to employee shopping needs (gas, clothing, incidentals, etc.)? |
| Transportation | How accessible is public transportation? |
| Recreation | How do you rate recreational choices (parks, jogging trails, gyms, etc.) in or near the neighborhood (area)? |
| Cultural opportunities | How do you rate the availability of area cultural activities (museums, art festivals, etc.)? |
| Environment | How well does the general environment of the neighborhood (area) meet your preferences? |
| Cultural mix | How well does the cultural mix meet your preferences? |
| Noise/pollution level | How do you rate the noise and pollution levels of the neighborhood (area)? |
| Traffic | How busy is the traffic in the area? |
| Principals’ commute time | How would you rate the principals’ commute time to and from work? |
| Employee commute time | How would you rate your employees’ average commute time to and from work? |
| Property characteristics | How suitable are the general property characteristics such as parking, water, sewer, etc.? |
| Parking | How well does the property serve your parking needs (parking lot/deck, on street, off-street, assigned, unassigned, etc.)? |
| Controlled access | Does the building have controlled access security (guarded, gated, etc.)? |
| Exterior construction | How well do you like the exterior construction (brick, steel and glass, formed concrete, etc.) of the building? |
| Fire protection | How would you rate the building’s fire protection systems? |
| Emergency exits | How do you rate the availability of emergency exits within the building? |
| Building condition | What is the condition of the building structure, equipment and fixtures? |
| Exterior | What is the exterior condition of the walls, trim, and windows? |
| Exterior walls | What is the condition of the exterior walls? |
| Exterior trim | What is the condition of the exterior trim on the building? |
| Window frames and caulking | What is the overall condition of the window frames and caulking in the building? |
| Skylights | What is the overall condition of the skylights (frames, caulking, plexiglas, etc.), if any, in the building? |
| Interior | What is the interior condition of the subflooring, flooring, walls, trim, and ceiling? |
| Sub-floor condition | What is the overall condition of the sub-flooring in the building? |
| Floor coverings | What is the overall condition of the floor coverings (carpets, tile, etc.) in the building? |
| Interior wall condition | What is the overall condition of the interior walls in the building, considering water stains, “popped nails”, gouges, holes, etc.? |
| Interior trim and molding | What is the overall condition of the interior trim and molding in the building? |
| Ceilings | What is the overall condition of the ceilings in the building, considering water stains, “popped” nails, crumbling, etc.? |
| Fixtures and equipment | What is the overall condition of the fixtures (lighting, plumbing, etc.) and equipment (HVAC, etc.) in the building? |
| Ceiling fixtures | What is the overall condition of ceiling light fixtures in the building? |
| Restroom equipment and fixtures | What is the overall condition of the equipment and fixtures in the restroom(s)? |
| HVAC condition | What is the condition of the HVAC unit(s) for the building? |
| Dehumidifier system | What is the condition of the dehumidifier system, if any, attached to the HVAC system? |
| Office space characteristics | How suitable and “livable” is the office space as a whole? |
| Style and layout | How well do you like the overall style and layout of the office space? |
| Space type | How well does the type of space (Class A, B or C, closed, open, etc.) meet your needs? |
| Style | How well do you like the overall architectural style of the office space? |
| Square footage | How do you rate the size of the office space? |
| Floor plan | How well do you like the floor plan of the office space? |
| Interior walls | How well do you like the interior wall material of the offices? |
| Windows | How well do the number and size of windows in the offices meet your preferences? |
| Flooring | How well does the type of flooring overall (carpet, hardwood, vinyl, tile, etc.) meet your needs? |
| Rooms | How well do you like the number, type and size of rooms in the office space? |
| Reception area | How adequate is the reception area, if any? |
| Private offices | How well do you like the number and size of private offices in the office space? |
| Executive office(s) | How do you rate the overall functionality of the executive office(s)? (Consider size, natural, and artificial lighting, closets, reception, etc.) |
| Size | How do you rate the size of the executive office(s) |
| Executive office(s) – natural lighting | How much natural light from windows/skylights is available in the executive office(s)? |
| Executive office(s) – central lighting | How do you rate the central lighting in the executive office(s)? |
| Executive office(s) flooring | How do you rate the type of flooring in the executive office(s)? |
| Executive office(s) – closet(s) | How do you rate the size of the closet(s) in the executive office(s)? |
| Executive office(s) reception | How do you rate the reception area, if any, for the executive office(s)? |
| Managers’ offices | How do you rate the size and number of managers’ offices, if any? |
| Managers’ offices – natural lighting | How much natural light from windows/skylights is available in the managers’ offices? |
| Managers’ offices – central lighting | How do you rate the central lighting in the managers’ offices? |
| Managers’ offices flooring | How do you rate the type of flooring in the managers’ office(s)? |
| Employee work area(s) | How well do you like the number, type and size of employee work area(s) in the office space? |
| Departmental work area(s) | How do you rate the number and size of departmental work areas? |
| Departmental work area(s) – natural lighting | How much natural light from windows/skylights is available in the departmental work areas? |
| Departmental work area(s) – central lighting | How do you rate the central lighting in the departmental work areas? |
| Departmental work area(s) flooring | How do you rate the type of flooring in the departmental work area(s)? |
| Departmental work area(s) – filing space | How do you rate the available space for filing cabinets in the departmental work areas? |
| Conference/meeting room(s) | How well do you like the number and size of conference/meeting rooms in the office space? |
| Media capabilities | How suitable are the media fixtures (screens, cabinets, etc), if any, in the primary conference room? |
| Kitchen/break area | How do you rate the size of the kitchen/break area, if any? |
| Kitchen/break room | How do you rate the overall functionality of the kitchen/break room for your needs? |
| Natural lighting | How do you rate the natural lighting in the kitchen/break room from windows/skylights? |
| Artificial lighting | How do you rate the central lighting in the kitchen/break room? |
| Eat-in area | How do you rate the size of the eat-in area, if any? |
| Kitchen/break room flooring | How well will the kitchen/break room flooring type meet your daily needs? |
| Utility | How useable is the cabinet storage and counter space in the kitchen/break room? |
| Cabinets | How adequate is the cabinet space in the kitchen/break room? |
| Counter space | How ample is the counter space in the kitchen/break room? |
| Counter tops | How well will the counter tops (material) meet your daily needs? |
| Appliances | What is the overall condition of the appliances, if any, that come with the office space? |
| Refrigerator | What is the condition of the refrigerator, if any, that comes with the office space? |
| Microwave | What is the condition of the microwave, if any, that comes with the office space? |
| Sink(s) | What is the condition of the sink(s), if any, in the kitchen/break room? |
| Restrooms | How do you rate the number and size of restrooms? |
| Restroom flooring | How well does the restroom flooring suit your preferences? |
| Restroom lighting | How do you rate the lighting in the restroom(s)? |
| Restroom fixtures | How well do the restroom fixtures (handicap fixtures, sinks, soap dispensers, towel dispensers, hand dryers, trash receptacles, etc.) meet your needs? |
| Closets | How adequate is the total closet space (number and size) in the office? |
| Coat closet(s) | How do you rate the number and size of the coat closet(s), considering guest and employee needs? |
| Supply closet(s) | How do you rate the functionality of the supply closet(s)? |
| Equipment closet(s) | How do you rate the suitability of the equipment closet(s), considering phone, data, and LAN/WAN equipment needs? |
| Service/storage | How well does the overall storage space, if any, meet your needs? |
| Support services room | How adequate is the support services room(s) (for copiers, fax machines, network server, shared printers, mail, etc.), if any, in the office space? |
| File room(s) | How adequate is the file room(s), if any, in the office space? |
| File room(s) lighting | How do you rate the lighting in the file room(s)? |
| Excess storage | How well does the excess storage space (for furniture, equipment, etc.), if any, meet your needs? |
| Utilities | How suitable do you find the available core utilities (electric, communications, etc.)? |
| Electrical service | How suitable do you find the level of electric service available (consider all your equipment power needs)? |
| Electrical outlets | How suitable do you find the number and availability of electrical outlets within the office space? |
| Phone cabling | How suitable do you find the existing phone cabling? |
| Phone outlets | How suitable do you find the number and location of phone outlets, if any? |
| Network cabling | How suitable do you find the existing network cabling (twisted pair, coaxial, fiber optic, etc.), if any? |
| Network outlets | How suitable do you find the number and location of network outlets, if any? |
| Internet services | How suitable is the access (dial-up, broadband, cable, satellite, etc.) to internet services? |
| Data communications | How suitable do you find the level of data communications service available (consider broadband, T1’s, T2’s etc.)? |
| HVAC | How suitable is the HVAC system and components for the size of the office space? |
| Heating system | How desirable do you find the type of heating system? |
| Ventilation | How suitable is the ventilation system used in the office space? |
| Cooling system | How desirable do you find the type of air conditioning system, if any? |
| Insulation type | How suitable is the type of insulation (loose fill, foam, foam board, reflective, etc.) used in the office space? |
| Insulation rating | How well does the insulation rating (R-11, R-19, R-30, etc.) used in the walls, floors, and ceilings fit the seasonal climate conditions of the office space? |
| Access | How do you rate the overall access to and mobility within the office space? |
| Driveway | How suitable is the entrance driveway, if any, for the office building? |
| Walkways | How suitable are the walkways to and around the office building? |
| Move-in access | How do you rate the ease of access for moving into the office space? (Consider moving van parking, doorway and hall widths, staircases, elevators, etc.) |
| Disability access | Is there handicap access to the offices? |
| Handicapped mobility | How do you rate handicapped mobility within the office space? |
| Amenities | How suitable are the exterior and interior amenities of the office building? |
| Landscaping | How do you rate the landscaping around the office building? |
| Exterior lighting | How do you rate the exterior lighting (street, parking area, driveway, walkways, etc.) around the office building? |
| Window/door glass | How do you rate the thermal characteristics of window/door glass in the office space? |
| Window treatments | How suitable are the window treatments, if any, that come with the offices? |
| Security | How do you rate the overall security (entry, fire, emergency, etc.) of the office space? |
| Exterior door locks | How do you rate the security of the primary locks on exterior doors? |
| Secondary security locks | How suitable are secondary security locks (deadbolts, chain locks, slide locks, etc.) on the doors and windows of the office space? |
| Security detection system | How suitable is the security detection system (carbon monoxide, smoke, fire, intruder, etc.) in the office space, if any? |
| Security alarm system | How suitable is the security alarm system (local, local and remote, etc.) in the office, if any? |
| Door intercom | Do the doors for visitor entrance have an intercom system? |
| Closed circuit TV (CCTV) | How suitable is the closed circuit TV system in the office building, if any? |
| Purchase considerations | How well prepared are you and your business to handle the costs of purchasing a building? |
| Price | How well does the price for the office building fit into your target price range? |
| Downpayment | How substantial a down payment are you capable of making? |
| Mortgage considerations | How well does the mortgage type, term, interest rate, and associated costs for the building fit your corporate budget? |
| Mortgage pre-approval | Do you have a pre-approval on a commercial mortgage loan? |
| Mortgage type | What are your risks associated with the type of mortgage available for the property? |
| Loan amount | How well does the loan amount for the building fit your financial plan for the business? |
| Interest rate | How do you view the interest rate on the proposed mortgage? |
| Term | How comfortable are you with the term (length) of the proposed mortgage? |
| Monthly payment | How well does the monthly payment for the building fit into your budget? |
| Fees and taxes | How do you rate the total fees and taxes associated with the building purchase? |
| Origination fees | How do you view the mortgage origination fees (usually expressed as points) for the loan on the building? |
| Closing costs | How well do the closing costs fit your budget? |
| Title search | Do you have a proper title search for the property? |
| Property taxes | How do you rate the property taxes for the building? |
| Monthly payment inclusions | Are the property taxes and mortgage insurance included in the monthly mortgage payment? |
| Closing date | How well does the proposed closing date for the building purchase meet your occupancy requirements? |
| Sale contract considerations | How do you rate the overall contract and related considerations for the purchase property? |
| Business stability | How well does the stability of the business fit the need/desire to purchase the property? |
| Seller’s situation | How well do you understand the seller’s motivation(s) to sell the property? |
| Buyer’s agent | Do you have an exclusive buyer’s agent? |
| Buyer’s agent skills | How effectively do you think your exclusive buyer’s agent will negotiate the purchase price and terms given his/her experience in the price range of the property? |
| Dual agency | Are you going to be able to avoid the dual agency conflict in the purchase of the property? |
| Purchase offer contingencies | How likely will the seller accept your purchase contingencies (completion, repairs, etc.), if any, in your offer for the commercial property? |
| Earnest money | Is your purchase offer earnest money for the property refundable and/or applied to your down payment? |
| Purchase contingencies | How likely will completion of your purchase contingencies, if any, delay the closing date? |
| Temporary office space/storage | How able is the business to absorb extraordinary expenses for temporary offices, equipment storage, etc. if you cannot close or move in on time? |
| Insurance considerations | How do you rate the total insurance costs, considering mortgage, title, property, and hazard insurance, for the building? |
| Mortgage insurance | How do you rate the mortgage insurance costs for the building? |
| Title insurance | How do you rate the title insurance costs for the building? |
| Property insurance | How do you rate the cost of the property insurance for the office building? |
| Special hazard insurance | Should you have additional hazard insurance due to the building location in a flood zone, earthquake-prone area, avalanche zone, etc.? |
| Special hazard insurance cost | How well does the cost of special hazard insurance, if needed, fit your budget? |
| Credit considerations | How credit worthy are the business and the major owners? |
| Business financials and credit | How beneficial will your business credit report and financial statements be in obtaining a mortgage on the property? |
| Principals’ financials and credit | How beneficial will the credit report(s) and financial statements of the principal(s) be in obtaining a mortgage on the property? |
| Debt-to-income ratio | How beneficial will your debt-to-income ratio be in obtaining a mortgage for the building? |
| Quick ratio pre-purchase | Evaluate the quick ratio (cash + equivalents / liabilities) prior to purchase. (Banks prefer 1.00 – 1.25 or better) |
| Quick ratio post-purchase | Evaluate the quick ratio (cash + equivalents / liabilities) after the purchase. (Banks prefer 1.00 – 1.25 or better) |
| Current ratio pre-purchase | Evaluate the current ratio (current assets / current liabilities) prior to purchase. (Banks prefer 2.0 or better) |
| Current ratio post-purchase | Evaluate the current ratio (current assets / current liabilities) after the purchase. (Banks prefer 2.0 or better) |
| Value considerations | How do you rate the overall value, considering CMA’s, inspections, warranties, etc., of the property? |
| Comparative market analysis | How well does the property value of comparable buildings in the area fit the asking price for the property? |
| Building warranty | Does the building come with a commercial building warranty? |
| Buyer’s building inspector | Do you have a licensed, bonded, and insured commercial inspector to inspect the building? |
| Commercial inspector’s expertise | How well suited is your commercial inspector’s training and experience for properly evaluating the property? |
| Inspection fees | How do you rate the inspection fees for the building? |
| Building inspection | How thorough is the building inspection for the property? |
| Building inspection report | How do you rate the property based on the building inspection report? |
| Restrictive covenants | How comfortable are you with the restrictive covenants, if any, for the property? |
This site is intended as an informational tool only and should be used in consultation with appropriate professional advisors.
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