FAQ
A Property Condition Assessment evaluates the visible physical condition of a commercial property for due diligence, lending and capital planning. This page covers what a PCA includes, the ASTM E2018-24 framework, and how PCAs differ from other inspection types.
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A Property Condition Assessment, or PCA, is a structured evaluation of the visible physical condition of a commercial property. It typically includes document review, interviews, a walk-through survey, identification of physical deficiencies and estimated costs for immediate or short-term repairs.
Explore RAZE Property Condition AssessmentsASTM E2018-24 is the current standard guide describing a baseline process for conducting Property Condition Assessments of commercial real estate. It provides a common framework but does not make every PCA identical or replace client-specific scope requirements.
Explore RAZE Property Condition AssessmentsA baseline PCA generally evaluates accessible site improvements, structure, building envelope, roofing, plumbing, HVAC, electrical systems, vertical transportation, life-safety components and interior areas. Exact coverage depends on the agreed scope.
Explore RAZE Property Condition AssessmentsA PCA is typically used for commercial real estate due diligence, lending and capital planning. A general building or home inspection may use a different scope, methodology and reporting standard.
Explore RAZE Property Condition AssessmentsNo. A PCA evaluates physical property condition. A Phase I Environmental Site Assessment evaluates potential environmental contamination and recognized environmental conditions. Commercial transactions may require both.
Explore RAZE Property Condition AssessmentsA baseline PCA is generally based on visual observations and accessible information. Destructive testing, engineering calculations, environmental testing and detailed code-compliance reviews normally require an expanded scope.
Explore RAZE Property Condition AssessmentsThere is no universal expiration date. Its usefulness depends on the transaction, lender requirements, property changes and time elapsed since the site visit. Clients should confirm whether an update or new assessment is required.
Explore RAZE Property Condition AssessmentsStructured PCAs for commercial due diligence, lending and capital planning — with consistent field execution and reporting.
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