Commercial Real Estate Pure Edge Computation

Commercial Lease Rent Normalizer: Full Gross vs Triple Net (NNN)

Compare competing commercial lease structures on an apples-to-apples basis. Normalizes base rent, pass-through expenses, and amortized tenant improvements.

Formula: Gross Equivalent Rent = Base NNN Rent + CAM + Property Taxes + Building Insurance

Model Parameters

Base Rent ($ / Sq Ft / Year)

Stated annual base rent per square foot.

Rentable Area (Square Feet)

Total rentable square footage under lease.

CAM Pass-Through ($ / Sq Ft)

Common area maintenance pass-through per square foot.

Real Estate Taxes ($ / Sq Ft)

Allocated municipal real property taxes per square foot.

Building Insurance ($ / Sq Ft)

Allocated building hazard and casualty insurance.

Tenant Improvement (TI) Allowance ($ / SF)

Landlord cash contribution toward tenant fit-out per square foot.

Outputs & Underwriting Summary

Calculation Status

NORMALIZED

Verified Model

Effective Gross Rent / Sq Ft

$37.80

Pass-Through OpEx: $9.80/SF

Annual Gross Rent Obligation

$321300.00

Net of TI: $33.80/SF

Gross equivalent rent normalized for pass-throughs: $37.80/SF/yr.

Institutional Financial Modeling Suite

Commercial Loans & Mortgage

Debt Service Coverage Ratio (DSCR) Commercial Loan Calculator

Evaluate commercial mortgage underwriting viability. Institutional lenders enforce a minimum 1.20x to 1.30x DSCR threshold to protect debt service against occupancy fluctuations.

Corporate Finance & Treasury

Section 179 & Bonus Depreciation Tax Shield Calculator

Determine after-tax capital expenditure net outlays under IRC Section 179 and Section 168(k) bonus depreciation phase-downs.

Insurance Underwriting

Workers' Compensation Experience Modification Rate (EMR) Calculator

Model the financial impact of workplace safety and claims history on statutory workers' compensation premiums.