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Real Estate Financial Model Templates

Free real estate financial model templates in Excel for property acquisitions, developments, and rental portfolios. Each download covers the full deal - purchase, financing, net operating income (NOI), and exit - so you can underwrite a property and check the returns before you commit capital.

21 free Excel templates in Real Estate - free download with email signup.

Hotel_Operating_Model.xlsx
Metric
2026
Revenue
--
EBITDA
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Hotel Operating Model

Operating model for hotel properties including occupancy rates, average daily rate (ADR), RevPAR optimization, and facility-level profitability.

Retail_Centre_Model.xlsx
Metric
2026
Revenue
--
EBITDA
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Retail Centre Operating and Development Model

Tenant mix, rent roll, operating expenses, and profitability for shopping centers and retail property.

Real_Estate_Model.xlsx
Metric
2026
Revenue
--
EBITDA
--

Real Estate Development Pro Forma Model

Land cost, construction budget, lease assumptions, and project IRR for commercial and residential development.

Development_Pro_Forma.xlsx
Metric
2026
Revenue
--
EBITDA
--

Development Pro Forma

Real estate development underwriting model with lot acquisition, construction, presales, and cash flow timing.

Mobile_Home_Park_Model.xlsx
Metric
2026
Revenue
--
EBITDA
--

Mobile Home Park Acquisition Model

Value-add acquisition model for a manufactured housing community with lot-rent growth, pad infill, RUBS recovery, agency debt, and a cap-rate exit.

Multifamily_Model.xlsx
Metric
2026
Revenue
--
EBITDA
--

Multifamily Residential Model

Investment model for multifamily apartment communities with unit economics, rents, occupancy, and NOI.

Office_Building_Model.xlsx
Metric
2026
Revenue
--
EBITDA
--

Office Building Investment Model

Income-producing office building model with lease-up, rent growth, occupancy, and terminal value analysis.

Industrial_Warehouse_Model.xlsx
Metric
2026
Revenue
--
EBITDA
--

Industrial Warehouse and Logistics Real Estate Model

Operating model for industrial warehouse properties including occupancy, net rent, operating expense pass-through, and cap rate valuation.

Mixed_Use_Model.xlsx
Metric
2026
Revenue
--
EBITDA
--

Mixed-Use Real Estate Development

Financial model for mixed-use projects combining residential, commercial, and retail with phased development.

Self_Storage_Model.xlsx
Metric
2026
Revenue
--
EBITDA
--

Self-Storage Facility Model

Operating and valuation model for self-storage properties with occupancy, rental rates, expense management, and cash flow projections.

Self_Storage_Ops_Dashboard.xlsx
Metric
2026
Revenue
--
EBITDA
--

Self-Storage Operations Dashboard

Monthly operations tracker for self-storage managers with occupancy, pricing, expense variance, and KPI trending.

Student_Housing_Model.xlsx
Metric
2026
Revenue
--
EBITDA
--

Student Housing Development Model

Plan a student housing development from construction through lease-up, stabilised operations, and exit.

REIT_Portfolio_Model.xlsx
Metric
2026
Revenue
--
EBITDA
--

REIT Portfolio and NAV Analysis Model

Property-level valuations, NOI, debt, and REIT net asset value (NAV) per share for public and private REITs.

Real_Estate_Fund_Model.xlsx
Metric
2026
Revenue
--
EBITDA
--

Real Estate Fund Investment Model

Real estate fund cash flows, investment deployment, distribution schedules, and LP net IRR for fund-level analysis.

Ground_Lease_Economics_Model.xlsx
Metric
2026
Revenue
--
EBITDA
--

Ground Lease Economics Model

Valuation and return analysis for ground lease properties including lease escalation, renewal risk, and ground lease buyout scenarios.

Sale_Leaseback_Model.xlsx
Metric
2026
Revenue
--
EBITDA
--

Sale-Leaseback Real Estate Model

Financing model for property owners selling real estate to investors and leasing it back, with lease terms, IRR, and tax deferral analysis.

Land_Banking_Model.xlsx
Metric
2026
Revenue
--
EBITDA
--

Land Banking Model

Financial model for land acquisition, holding, and exit strategies with development timing optimization.

Construction_Draw_Schedule.xlsx
Metric
2026
Revenue
--
EBITDA
--

Construction Draw Schedule

Model construction progress, lender draws, and retainage with schedule and budget tracking.

Telecom_Tower_DCF.xlsx
Metric
2026
Revenue
--
EBITDA
--

Telecom Tower DCF

Value a telecom tower portfolio with tenant leases, escalation assumptions, and cap rate multiples.

Home_Builder_Operating_Model.xlsx
Metric
2026
Revenue
--
EBITDA
--

Home Builder Operating Model

5-year production homebuilder forecast: community panel, segment closings, ASP, home gross margin, EBITDA, ROIC and ROE.

Parking_Garage_Acquisition_Model.xlsx
Metric
2026
Revenue
--
EBITDA
--

Parking Garage Acquisition Model

10-year urban parking garage acquisition model with monthly and transient revenue, NOI, mortgage debt, and equity IRR.

Frequently asked

Are these templates really free to download?+

Yes. Every template is a free Excel download with live formulas after email signup. No credit card or paywall is required. Click any template, enter your email, download the .xlsx file, and open it in Excel, Google Sheets, or LibreOffice.

What does a real estate model calculate?+

A real estate model projects rental income and operating expenses to net operating income (NOI), layers in acquisition cost and mortgage financing, and computes investor returns - typically IRR, equity multiple, cash-on-cash yield, and cap rate at exit.

Do these work for both rental property and development deals?+

Yes. The category covers buy-and-hold rental underwriting, value-add and renovation deals, and ground-up development models with a construction draw schedule. Pick the template that matches your deal type.

Can I edit the models after downloading?+

Yes. The free downloads are unlocked Excel workbooks with live formulas, no macros, and no password protection. You can change assumptions, add rows, relabel line items, and adapt the structure.

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