NOI Analysis Tool
Net Operating Income (NOI) is the foundation of all CRE valuation. It represents a property income after operating expenses but before debt service. Accurate NOI calculation requires understanding every revenue line item and expense category. The CRE Analyst Agent automates NOI analysis from rent rolls and financial statements.
Formula
NOI = Gross Potential Income - Vacancy Loss - Operating Expenses
Why It Matters
NOI directly determines property value through the cap rate formula. A $10,000 increase in NOI at a 6% cap rate adds $166,667 to property value. Accurate NOI analysis is critical for purchase decisions, financing, and value-add investment strategies.
How AgentErgon Helps
Upload your rent roll and operating statements. The CRE Analyst Agent categorizes every income and expense line item, identifies below-market rents, flags unusual expenses, calculates pro forma NOI, and shows value-add opportunities.
Frequently Asked Questions
What expenses are included in NOI?+
Property taxes, insurance, maintenance, management fees, utilities (if owner-paid), landscaping, and reserves. NOI excludes debt service, capital expenditures, and depreciation.
Can it identify value-add opportunities?+
Yes. The AI compares your rents to market rates, identifies below-market leases, flags above-market expenses, and calculates the NOI improvement potential.
How does it handle different lease structures?+
The AI understands NNN, modified gross, full-service gross, and percentage rent leases. It correctly allocates expenses based on lease structure.
Can it project future NOI?+
Yes. Configure rent growth, expense inflation, and lease rollover assumptions to project 1-10 year NOI trajectories.
Try the CRE Analyst Agent
Upload a rent roll or enter property details. Get institutional-quality analysis in under 60 seconds.
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