Property Condition Assessment Pre-Acquisition Checklist
Pre-acquisition property condition assessments protect buyers from unexpected capital expenditures. This checklist follows ASTM E2018 standard procedures for commercial property condition assessments during real estate due diligence.
- Industry: Real Estate
- Frequency: Per Acquisition / Per Financing Event
- Estimated Time: 90-120 minutes
- Role: Property Inspector / Commercial Real Estate Consultant
- Total Items: 31
- Compliance: ASTM E2018 - Standard Guide for Property Condition Assessments: Baseline Property Condition Assessment Process, ASTM E1527 - Standard Practice for Environmental Site Assessments (Phase I ESA), ADA Standards for Accessible Design (2010), IBC International Building Code
Site Conditions
Assess site and exterior conditions.
- Parking lot and paving in acceptable condition - no major failures?
- Site grading directing water away from building foundation?
- Landscaping maintained and irrigation functional?
- Retaining walls and site walls structurally sound?
- No visible evidence of contamination (staining, odors, underground tanks) on site?
Building Envelope
Inspect roof, walls, and windows.
- Roof system in serviceable condition with no major leaks or failures?
- Roof age and remaining warranty documented?
- Exterior wall cladding in good condition with no major cracks or spalling?
- Windows and sealants functional with no air or water infiltration?
- Foundation and slab with no major settlement or structural cracks?
Structural Systems
Assess structural condition.
- Structural frame (steel, concrete, wood) in good condition with no visible distress?
- Floor structure with no excessive deflection or vibration?
- Seismic upgrade requirements assessed for applicable seismic zones?
- No significant deferred structural maintenance observed?
- Building permits and Certificate of Occupancy on file for major work?
MEP Systems
Assess mechanical, electrical, and plumbing.
- HVAC systems operational with remaining useful life assessed?
- Electrical service adequate for current use with no deferred issues?
- Plumbing functional with no significant leaks, drain issues, or fixture failures?
- Fire suppression and alarm systems current with recent inspection tags?
- Elevators current on state inspection certificates?
ADA and Code Compliance
Assess accessibility and code compliance gaps.
- ADA accessible parking spaces per 2010 ADA Standards?
- Accessible route from parking to building entrance?
- Restrooms meeting ADA accessibility requirements?
- No open code violations from local building or fire authority?
- No known asbestos or lead paint in friable or accessible condition?
Capital Expenditure Assessment
Summarize deferred maintenance and capital needs.
- Immediate capital needs (Year 1) identified and estimated?
- Short-term capital needs (Years 2-5) identified and estimated?
- Long-term capital needs (Years 6-10) identified and estimated?
- PCA summary table with costs by system prepared per ASTM E2018?
- Areas requiring further specialist investigation identified?
- Complete PCA report prepared per ASTM E2018 format?
Related Real Estate Checklists
- Multifamily Unit Turnover Inspection Checklist
- Multifamily Unit Turnover Inspection Checklist
- Commercial Real Estate ADA Accessibility Audit Checklist
- Landlord-Tenant Dispute Documentation Checklist
- Green Building and Sustainability Audit Checklist
- Property Tax Assessment Appeal Documentation Checklist
Related Property Inspection Checklists
Why Use This Property Condition Assessment Pre-Acquisition Checklist?
This property condition assessment pre-acquisition checklist helps real estate teams maintain compliance and operational excellence. Designed for property inspector / commercial real estate consultant professionals, this checklist covers 31 critical inspection points across 6 sections. Recommended frequency: per acquisition / per financing event.
Ensures compliance with ASTM E2018 - Standard Guide for Property Condition Assessments: Baseline Property Condition Assessment Process, ASTM E1527 - Standard Practice for Environmental Site Assessments (Phase I ESA), ADA Standards for Accessible Design (2010), IBC International Building Code. Regulatory-aligned for audit readiness and inspection documentation.
Frequently Asked Questions
What does the Property Condition Assessment Pre-Acquisition Checklist cover?
This checklist covers 31 inspection items across 6 sections: Site Conditions, Building Envelope, Structural Systems, MEP Systems, ADA and Code Compliance, Capital Expenditure Assessment. It is designed for real estate operations and compliance.
How often should this checklist be completed?
This checklist should be completed per acquisition / per financing event. Each completion takes approximately 90-120 minutes.
Who should use this Property Condition Assessment Pre-Acquisition Checklist?
This checklist is designed for Property Inspector / Commercial Real Estate Consultant professionals in the real estate industry. It can be used for self-assessments, team audits, and regulatory compliance documentation.
Can I download this checklist as a PDF?
Yes, this checklist is available as a free PDF download. You can also use it digitally in the POPProbe mobile app for real-time data capture, photo documentation, and automatic reporting.