Property Condition Assessment & Commercial Inspection FAQs

A Property Condition Assessment (PCA) is a formal, ASTM E2018-based evaluation of a commercial building's physical condition, typically performed before an acquisition, refinance, or major capital decision. It combines a walk-through survey of major building systems with document review and interviews to identify existing deficiencies, deferred maintenance, and projected capital costs, usually forecast over a 1-year and 5-year horizon. Findings are delivered in a Property Condition Report (PCR) that lenders, investors, and asset managers use to quantify physical risk before committing capital.