Outcome

The document uses the property type whose data model and final presentation match the actual asset.

Navigation path

Create New > Select Property Type

Access

Document creation access

On this page

Before you start

Data, sources, and access to prepare

The actual asset use and tenancy structure
The intended document package

Understand what the choice changes

Marketing package setup screen where the property type selection controls later fields. — Select and verify the property type before creation because it changes terminology, inventory, validation, and output.

Orient users to every supported standard property-type choice in the creation flow. — All supported property-type choices are visible or reachable in the shown control.

Property type controls the workflow

The classification changes both data entry and presentation.

Property Type

Choose the primary asset use

Wizard Steps

Show, hide, or relabel tasks

Input Fields

Tenant, unit, room, pad, or parcel language

Metrics

Price per SF, Unit, Key, Pad, or Acre

Document Pages

Property-specific labels and layouts

Property TypeWizard Steps
Property TypeInput Fields
Property TypeMetrics
Property TypeDocument Pages

Active public choices and primary financial structure.
Property type	Primary structure	Primary price metric
Retail	Commercial tenant rent roll	Price/SF
Office/Medical	Commercial suite rent roll	Price/SF
Multifamily	Unit rent roll or unit mix	Price/Unit and Price/SF
Industrial	Commercial tenant rent roll	Price/SF
Land	Parcel facts, no standard financial workflow	Price/Acre and Price/SF
Hospitality	Room inventory	Price/Key
Self-Storage	Unit inventory	Price/Unit and Price/SF
Mobile Home Parks	Pad inventory	Price/Pad
Mixed-Use	Rent roll by component	Component-aware
Single Tenant Net Lease	One tenant and lease	Price/SF

Classify by the modeled income source

Show the decision point where property type changes fields, metrics, and financial behavior. — The selected type and its conditional effect are visible.

Use Retail, Office/Medical, or Industrial when individual commercial tenants, spaces, leases, and reimbursements drive the analysis.
Use Multifamily, Self-Storage, or Mobile Home Parks when repeated units or pads drive occupancy and rent.
Use Hospitality when ADR, occupancy, RevPAR, and room count drive revenue.
Use Land when parcel, zoning, acreage, entitlement, and access facts matter more than recurring rent.
Use Mixed-Use when multiple supported components must coexist in one property-level financial model.
Use Single Tenant Net Lease only when one tenant and one lease define the investment.

Legacy types are not active choices

Others and Residential remain legacy internal configurations but are hidden from the current property-type selection experience. Choose the closest active commercial type.

Select or change the type

Show the wizard after a property type is applied so users can verify conditional sections. — The expected property-specific section or inventory is visible.

Property-type steps

1
Choose during creation
Create New, Select Property Type
Select the card that matches the modeled asset.
Expected result: The next creation step opens and the document stores the chosen type.
If this does not happen: Return to the prior creation step before continuing if the choice was accidental.
2
Confirm the adapted wizard
New document wizard
Review step names and visible tasks before entering detailed data.
Expected result: The workflow uses the expected tenant, unit, room, pad, component, or parcel language.
If this does not happen: Open Property Details and review the selected type if labels are wrong.
3
Open the change control
Property Details, property-type summary
Select Change Property Type when a saved document is misclassified.
Expected result: The supported type grid opens.
If this does not happen: Only the document owner or permitted editor should make a structural change.
4
Select the replacement type
Change Property Type modal
Select the target property type.
Expected result: The modal displays any conversion warning for that target.
If this does not happen: Cancel if the selected type does not match the intended asset model.
5
Read the conversion warning
Change Property Type modal
Review the complete conversion warning.
Expected result: The consequences for existing financial data are understood.
If this does not happen: Cancel if the current rent roll or financial output has not been reviewed.
6
Confirm the type change
Change Property Type modal > Confirm
Select Confirm.
Expected result: The document begins using the replacement property type.
If this does not happen: Do not confirm until the warning and current financial data have been reviewed.
7
Verify after conversion
Wizard navigation and Review & Customize
Inspect changed steps, labels, financial fields, and generated pages.
Expected result: The converted document uses the intended model.
If this does not happen: Restore the prior type or contact support if specialized data does not map safely.

Change types without losing context

Show the data-preservation warning raised by an incompatible property-type change. — The target property type and its data-preservation warning are visible.

Show the original property type preserved after the incompatible change is cancelled. — The warning is closed and the original property type remains active.

Changing to Hospitality warns about re-entry

Likely cause: Hotel Room Inventory is incompatible with a standard commercial rent-roll layout.

Record the current source data.
Confirm only when prepared to re-enter room inventory.
Verify the hotel totals afterward.

Changing to Land hides financial steps

Likely cause: Land has no standard native financial workflow.

Confirm Land is correct.
Understand that saved financial records are preserved but hidden.
For a Land BOV, verify that valuation remains.

The exact asset label is absent

Likely cause: The selection uses ten major commercial modeling types.

Choose by financial and data structure.
Use editable Property Data fields for subtype detail.
Do not use a legacy hidden type.

Selection approved

Primary use classified
Financial model fits
Price metric fits
Wizard labels fit
Conversion warnings reviewed
Generated pages checked

Build a Retail document

Use retail property data, tenant economics, lease structures, reimbursements, and Price/SF presentation correctly.

Open guide

Build a Mixed-Use document

Combine Retail, Office, Residential, Industrial, Hotel, and Storage components in one property workflow.

Open guide

Choose and change the financial scope

Decide between Full Financials, Rent Roll Only, Cap Rate & NOI, and Skip Financials without losing track of the final document impact.

Open guide

Choose the right property type