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Altus Group

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Property development feasibility software

Identify the best development opportunities by forecasting the financial viability of your next project. 

About us

Altus Group is a leading provider of software, data solutions and technology-enabled expert services to the global commercial real estate industry.

In 2017, EstateMaster was acquired and joined the software division of Altus Group, and has been rebranded to ARGUS EstateMaster.

Countries worldwide using ARGUS solutions

200+

Universities and colleges teaching ARGUS

30+

Years developing CRE software

7,000

Active ARGUS software clients

105+

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Learn why ARGUS EstateMaster is the #1 solution for property developers to build feasibility studies.

ARGUS EstateMaster

Set your development feasibility up for success

Built for the property development industry, ARGUS EstateMaster 'Development Feasibility' allows you to forecast the feasibility of a project using a discounted cash flow analysis.

Easily appraise property development opportunities, calculate residual land values, run sensitivity analysis, and determine the highest and best use of a site.

Key benefits of ARGUS EstateMaster

  • Industry-recognised framework with a familiar spreadsheet

  • Enter information such as land purchase price, professional costs, construction costs, revenue and many more. 

  • Create a summary of project returns showing your stakeholders key performance indicators such as development margin, the internal rate of return (IRR) and residual land values.

  • Model finance structures to support your financing.

  • Test changes in variables such as construction costs, construction duration, sales values, rents and interest rates. 

  • See impact it will have on KPIs for your project and determine the likelihood of achieving certain returns.

  • Create probability profiles on project variables and run up to 2,000 simulations to derive a probability profile for your development margin and internal rate of return (IRR).
  • Compare multiple development scenarios to determine the highest and best use for a development site. 

  • Store up to 8 different feasibility options and then compare their costs, revenues and performance side by side to identify the optimal development scenario.

Conduct development feasibilities and appraisals 

With ARGUS EstateMaster Development Feasibility, you can compare multiple development scenarios to determine the highest and best use for a development site. You can store up to 8 different feasibility options and then compare their costs, revenues and performance side by side to identify the optimal development scenario.

You will also be able to use this feature in Development Feasibility to segregate stages of a project into their own separate feasibility, allowing you to view not only their performance but also their consolidated view as well. 

Key benefits

Sensitivity testing and probability analysis

Quantify and manage development risk by testing changes in variables such as construction costs, construction duration, sales values, rents and interest rates. See the impact it will have on key performance indicators for your project and determine the likelihood of achieving certain returns.

For example, if your land acquisition cost increased by 5% or your construction costs were to decrease by 5%, you can quickly see how those changes will affect all your key performance indicators. You can also create probability profiles on project variables and run up to 2,000 simulations to derive a probability profile for your development margin and internal rate of return (IRR).

With ARGUS EstateMaster Development Feasibility, you can compare multiple development scenarios to determine the highest and best use for a development site. You can store up to 8 different feasibility options and then compare their costs, revenues and performance side by side to identify the optimal development scenario.

You will also be able to use this feature in Development Feasibility to segregate stages of a project into their own separate feasibility, allowing you to view not only their performance but also their consolidated view as well.


Determine the highest and best use

Why choose ARGUS EstateMaster?

Industry-recognised framework using a familiar spreadsheet interface.

The #1 trusted solution for property developers to appraise development opportunities.

Calculate key performance indicators including development margin, net present value and internal rate of return

Model flexible debt and equity funding structures and joint venture arrangements