Outcome
An ordered rental-comparable set supports the subject assumptions with accurate property-specific metrics.
Navigation path
Document wizard > Rental Comparables or Hotel Rate Comps
Access
A document that includes Rental Comparables
On this page
Before you start
Data, sources, and access to prepare
- Verified asking or achieved rent research
- Comparable property facts
- For hotel comps, ADR and occupancy
Use the property-specific branch
Rental evidence by asset
The same comparable editor changes its key metrics for hotels and unit-based properties.
Market evidence
Verify property and pricing facts
Commercial
Market rent and rent per SF
Unit-based
Rent per unit
Hospitality
ADR, occupancy, and RevPAR
Comparable page
Ordered evidence set
- Market evidenceCommercial
- Market evidenceUnit-based
- Market evidenceHospitality
- CommercialComparable page
- Unit-basedComparable page
- HospitalityComparable page
| Comparable type | Primary entries | Calculated or summarized result |
|---|---|---|
| Commercial rental | Market rent and SF | Average rent per SF when inputs support it |
| Unit-based rental | Market rent and units | Average rent per unit |
| Hotel Rate Comp | ADR and occupancy | RevPAR equals ADR x occupancy |
Complete research fields
| Field | Requirement | What it means | Format | Units | Save behavior | Downstream effect |
|---|---|---|---|---|---|---|
| Name and Address | Recommended | Comparable identity and location. | Plain-text name and postal address | Not applicable | Saved when the Rental Comparable form Save action succeeds. | Identifies and locates the record on the applicable Rental Comparables or Hotel Rate Comps page. |
| Market Rent | Recommended | Observed asking or achieved rent used by non-hotel rental comps. | Currency amount in the source basis | Property-appropriate rent basis | Saved when the Rental Comparable form Save action succeeds. | Feeds the non-hotel rent presentation and applicable per-SF or per-unit summary. |
| ADR | Recommended | Hotel Average Daily Rate. | Currency amount | Currency per occupied room per day | Saved when the Hotel Rate Comparable form Save action succeeds. | Combines with occupancy to recalculate comparable RevPAR. |
| Occupancy | Recommended | Hotel occupied-room percentage. | Percentage | Percent of available rooms | Saved when the Hotel Rate Comparable form Save action succeeds. | Combines with ADR to recalculate comparable RevPAR. |
| RevPAR | Calculated | ADR multiplied by occupancy. | Read-only calculated currency | Currency per available room per day | No direct entry. Recalculates automatically from the comparable ADR and occupancy. | Displays the normalized hotel-rate result on the comparable card and Hotel Rate Comps summary. |
| SF, Units, Rooms, Bedrooms, or Unit Mix | Recommended | Context and denominators used by the property-specific presentation. | Nonnegative numeric facts and property-specific mix detail | Square feet, units, rooms, bedrooms, or mix counts | Saved when the Rental Comparable form Save action succeeds. | Supplies the context and denominators for property-specific rental comparison output. |
| Description and Photo | Optional | Optional context and visual identification. | Plain text up to 300 characters; JPEG, PNG, or WebP under 25 MB | Not applicable for text; file for image | Saved with the comparable after the supported image upload and form Save succeed. | Adds reader-facing context and visual identification without changing calculated metrics. |
Required means the field is needed to complete or support this workflow. Some screens allow a draft to save before every required item is complete. The steps and troubleshooting call out controls the product actively blocks.
Build the evidence set
Rental comparable steps
- 1
Open the correct step
Wizard navigation
Open Rental Comparables. Hospitality documents label the step Hotel Rate Comps.
Expected result: The editor displays property-appropriate fields.
If this does not happen: Confirm the subject property type if the label or metrics are wrong.
- 2
Add identity and context
Add Comparable form
Enter name, address, year, description, photo, and applicable physical facts.
Expected result: The comparable can be identified and compared with the subject.
If this does not happen: Keep description within 300 characters and use a supported image below 25 MB.
- 3
Enter the market metric
Comparable form
Enter market rent for non-hotel evidence, or ADR and occupancy for Hotel Rate Comps.
Expected result: The relevant summary and calculated values update.
If this does not happen: Confirm currency and percentage conventions if a value appears implausible.
- 4
Save the rental comparable
Comparable form footer
Select Add Comparable for a new record or Save Changes for an existing record.
Expected result: The card appears in the comparable list.
If this does not happen: Do not rely on save as a completeness validation.
- 5
Validate the rental comparable
Comparable card list
Compare all displayed facts with the research source.
Expected result: The card accurately represents the source.
If this does not happen: Edit missing or incorrect fields.
- 6
Order comparables
Comparable card list
Arrange records in the intended final sequence using drag or keyboard controls.
Expected result: The display order updates.
If this does not happen: Use keyboard controls if pointer reordering is inaccessible.
- 7
Review the final page
Review & Customize
Inspect metric labels, summaries, photos, descriptions, and ordering.
Expected result: The evidence supports the subject assumption without mislabeled metrics.
If this does not happen: Return to the comparable form for any correction.
Resolve rental-comparable errors
The step says Hotel Rate Comps
Likely cause: Hospitality intentionally relabels rental comparables.
- Enter ADR and occupancy evidence.
- Verify RevPAR rather than a generic commercial rent metric.
RevPAR is too high or low
Likely cause: Occupancy or ADR uses the wrong units.
- Confirm ADR is a daily currency amount.
- Confirm occupancy is entered as a percentage.
- Multiply independently.
An average is missing
Likely cause: The required denominator or market value is blank.
- Complete the applicable SF, unit, room, and rent facts.
- Use only sourced values.
Rental evidence approved
- Correct property-specific step
- Market values sourced
- Physical facts complete
- Hotel RevPAR checked where applicable
- Cards ordered
- Final output reviewed
Related guides
Add and organize sales comparables
Enter comparable sales and active listings, add photos, control display order, and verify property-specific summary metrics.
Open guideBuild a Hospitality document
Use room inventory, ADR, occupancy, RevPAR, room revenue, hotel rate comps, and hotel-specific reserve labels.
Open guideVerify financial pages before publishing
Confirm scope-based page inclusion, property-specific exceptions, calculations, footnotes, and final document presentation.
Open guide