Search
 

Product Review - TurboValue

  …

 

Comment: A While TurboValue’s reports are not “go/no go” determiners, they do give enough information on which to base a “look/don’t look” decision. The price per report doesn’t look all that low at first glance, but compared to what it would cost (in man-hours alone) to otherwise procure all the information that a TurboValue report provides, this reviewer sees it as a good buy. Reports appear to be accurate and versatile, useful to owners, investors, lenders, brokers and other real estate professionals and entrepreneurs, for several purposes. And they’re fast. They download via the Internet (upon receipt of a credit-card payment) in less than 30 seconds.

At present, TurboValue covers the five essential property types-office, industrial, retail, multifamily and hotel-in 146 markets, and its scope may soon be expanded globally.

In addition to estimating the value of a property, a TurboValue report provides economic and demographic data for the market area and compares the property in question to peer properties within a three-mile radius. “To generate these reports, we’ve pulled in an amazing number of data sources and employed various algorithms,” says Robert G. Dobilas, senior vice president at GMAC. “You can download a report in 10 to 20 seconds, obtaining information that would take at least four to six hours to assemble via ordinary methods.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.