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Data Analytics

Small-Cap CRE Price Indices – A Unique Data Source

Price indices serve as a barometer of the overall strength or weakness of local real estate markets. Boxwood Means' Small Commercial Price Index (SCPI) and Small Multifamily Price Index (SMPI) go further than most — offering lenders and investors current and historical insights into local asset price trends that are simply unavailable from any other source. Where other indices focus on larger institutional transactions, Boxwood's indices are purpose-built for the small-cap CRE segment, tracking commercial transactions priced under $5 million across the markets that matter most to community, regional, and national lenders.

As one of the nation's leading providers of small-cap CRE asset valuations and data analytics, our SCPI and SMPI metrics at the national and metro levels are indispensable tools for rapidly marking assets to market, monitoring credit risk, and creating investment hierarchies or classifications of local markets by diverging performance.

Audience for Boxwood Price Indices: commercial banks and credit unions, nonbank lenders and private investors, portfolio managers and risk officers, researchers and analysts.

Who Should Use Boxwood's Price Indices?

SCPI and SMPI are built for professionals who need reliable, granular small-cap CRE market intelligence:

  • Commercial banks and credit unions monitoring loan-to-value trends and credit risk across their CRE book.
  • Nonbank lenders and private investors benchmarking asset performance and tracking local market conditions.
  • Portfolio managers and risk officers who need a consistent, repeatable method for marking assets to market.
  • Researchers and analysts tracking small-cap CRE price cycles at the metro level over time.

Why Use Boxwood's Price Indices?

SCPI and SMPI give lenders and investors a precise read on small-cap CRE price trends — coverage, methodology, and delivery built for the markets that matter.

Unmatched Market Coverage

SCPI tracks commercial property sales transactions priced at $5 million or less across more than 150 metropolitan statistical areas — from Philadelphia to Peoria and Portland — giving you a topographical view of the peaks and valleys of property price changes that are key to understanding and estimating asset performance over time.

Reliable, Precise Methodology

Having a vast database of sales transactions is necessary but not sufficient. Our data and analytics also need to be reliable, precise, and reflective of actual market conditions. Boxwood gets an accurate read on sale price points by adhering to conventional, well-established valuation techniques — where comparable property sales are modified in accordance with a given property's attributes and overall condition. We build on this tried-and...

Monthly Updates, Delivered Your Way

SCPI is updated every month on a two-month rolling basis, capturing and processing sales data from 3,000+ U.S. counties. Updates are delivered in both PDF and Excel versions, giving your team the flexibility to work with the data in whatever format suits your workflow — whether for portfolio reporting, credit risk modeling, or investment analysis.

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Experience the Boxwood Means Difference

With over two decades in data analytics, research, and market analysis in the small-cap commercial real estate space, Boxwood Means is a nationwide provider that companies turn to first for trusted commercial property valuation services. These include our commercial evaluation reports — the industry's most reliable commercial evaluations available.

Also included in Boxwood Means' toolkit are our restricted appraisal reports, commercial property inspection reports, appraisal review services, and asset value reports. This suite of valuation services makes our expert team one of the most highly qualified in the industry.

Contact us today to learn more about what we do and how we can help with your collateral valuation needs.

Data Analytics – FAQs

What is a Property Condition Assessment (PCA)?

A Property Condition Assessment provides a clear view of the overall condition of a commercial property and building site, including building characteristics, occupancy, photographs, deferred maintenance, and other relevant site observations.

When should I order a commercial property inspection?

Order a commercial property inspection when you need current site and building condition evidence for underwriting, renewals, credit review, portfolio monitoring, or disposition — especially when deferred maintenance, occupancy, or site issues could affect collateral value.

What does Boxwood's property inspection cover?

Boxwood property inspections document building characteristics, occupancy, photographs, deferred maintenance, and other site observations that help credit and valuation teams understand the collateral behind the file.

What is Boxwood's Environmental Inspection?

Boxwood's Environmental Inspection screens for environmental risk indicators at the property and site level, giving lenders an early view of issues that may require further diligence before closing or renewing a loan.

Does the environmental inspection meet SBA requirements?

Environmental diligence requirements depend on the current SBA SOP, loan program, and your institution’s policy. Confirm the applicable SBA standard and credit policy before relying on any environmental product for an SBA file.

Can property condition and environmental inspections be ordered together?

Yes. Property condition and environmental inspections can be ordered together when your credit process needs both site-condition evidence and environmental risk screening for the same collateral.

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