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
Operating model for hotel properties including occupancy rates, average daily rate (ADR), RevPAR optimization, and facility-level profitability.
Retail Centre Operating and Development Model
Tenant mix, rent roll, operating expenses, and profitability for shopping centers and retail property.
Real Estate Development Pro Forma Model
Land cost, construction budget, lease assumptions, and project IRR for commercial and residential development.
Development Pro Forma
Real estate development underwriting model with lot acquisition, construction, presales, and cash flow timing.
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 Residential Model
Investment model for multifamily apartment communities with unit economics, rents, occupancy, and NOI.
Office Building Investment Model
Income-producing office building model with lease-up, rent growth, occupancy, and terminal value analysis.
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 Real Estate Development
Financial model for mixed-use projects combining residential, commercial, and retail with phased development.
Self-Storage Facility Model
Operating and valuation model for self-storage properties with occupancy, rental rates, expense management, and cash flow projections.
Self-Storage Operations Dashboard
Monthly operations tracker for self-storage managers with occupancy, pricing, expense variance, and KPI trending.
Student Housing Development Model
Plan a student housing development from construction through lease-up, stabilised operations, and exit.
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 Investment Model
Real estate fund cash flows, investment deployment, distribution schedules, and LP net IRR for fund-level analysis.
Ground Lease Economics Model
Valuation and return analysis for ground lease properties including lease escalation, renewal risk, and ground lease buyout scenarios.
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
Financial model for land acquisition, holding, and exit strategies with development timing optimization.
Construction Draw Schedule
Model construction progress, lender draws, and retainage with schedule and budget tracking.
Telecom Tower DCF
Value a telecom tower portfolio with tenant leases, escalation assumptions, and cap rate multiples.
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
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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