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For help call: Stuart Haxton 208 794-4950 270 W. Parliament Boise, ID 83706 shaxton29 (at) gmail.com
• Phone Support • Valuation Training • Excel Training • Marketing Brochures, Financials & more ...
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Compare: ModernValue vs. Argus
ModernValue Pro
*NEW* Commercial Real Estate, Total Valuation Software For Investment Office, Retail, and more!
Developed by Stuart Haxton - former commercial r.e. appraiser & award-winning multi-million dollar investment real estate buyer. ($148 million in 19 transactions)
• Includes 1 hour of value modeling or consulting help by Stuart Haxton! • Stepped valuation - from simple to complex as you proceed. • The most educational, intuitive and visual valuation model. • Built for efficient and total analysis ... by a valuation expert! • Stand-alone valuation or use with Argus - a vital complement to Argus for final calculations. • Includes the common amounts of expense line-item cost/sf, low/high/median! • Yield, DCF, Discount Rate, Cap Rate, Leveraged Yield - all these value measures are easy to adjust and visualize on 2 printable pages! • One-time purchase! No annual fees. No updates necessary!
• "I enjoy using the model. You did a great job with it." A.M., Florida • "The model clarifies valuation complexities and presents the investment details very well." R.B., New York • "ModernValue is what I use to value and buy properties." - Stuart Haxton
Compare: ModernValue vs. Argus
ModernValue V1.8 Professional
Start
It is simple to input data into MV for Excel: Red/Maroon font cells - your input numbers. Blue font cells - auto-calculating cells. Worksheets can be modified. No locked cells.
Step 1: Simple Value View
Cap Rate - Worksheet 1: Simple cap rate, simple-income and expense line-item calculations. You can easily adjust items like price, cap rate, rent, expenses, vacancy, and square feet. Note: This worksheet allows you to easily change vacancy, line-item expenses, etc. and see the resulting effect on price. Very importantly, you can compare apples-to-apples line items expenses/sf to the range or median of those which are typical in the U.S. market.
* Simple, yet sophisticated excellence! (Argus does not present this!!) *
Step 2: Proceed to ... Detailed Valuation
Leases - Worksheet 2: Leases and rent per sf calculations, and more.
* Common Sense Lease Presentation! (Argus does not present average rents easily!) *
Lease Expirations - Worksheet 3: Lease expirations showing #, % and dollars expiring each year. This presentation is completely automated from data inputed into the "Lease" Worksheet 2!
* Lease Experations are presented each year by #, %, and dollars! (Argus does not present this clearly!) *
Value Overview - Worksheet 4: This is the big value overview!! This is where you see the value, returns, inputs, growth rates every year, and much more! Sensitivity adjustments are done on this one page (Here you can easily modify vacancy, tenanting costs, leasing commission rates, etc! The return measures - Yield, DCF, Discount Rate, Cap Rate, Leveraged Yield - all automated and easy to visualize on 2 print pages! You can see how the returns correlate and sensitivity adjust until you get the return that is appropriate. Your learning with this advanced and simple analysis will generate real confidence!
* This is the best investment presentation ... because it is so complete! (Argus ... not even close!) *
Loan - Worksheet 5: Loan calculation.
Apples-to-Apples Rent Compare - Worksheet 6:
- Not shown -
1) An easy to adjust and visualize NNN to Full Service rent equivalency calculator. 2) Typical range & medians of expense line items as dollar/sf - for the 5 line item categories of: Taxes, Insurance, Utilities, Maintenance, Janitorial & Management. (It is very hard to get this data!) Of course every property's expenses are unique, but this data helps when you don't have any idea of the norms! (Note: High property expenses found in NY, CA, etc. not included in the calculation of this data)
Finish: Print ModernValue pages for a professional presentation!
Using ModernValue with Argus:
Step 1: Export Argus output to Excel (copy/paste Argus output data to ModernValue's Excel workbook)
Worksheet 7: Below is a sample Argus cash flow output to Excel.
* Note that Argus-presented cash flow is very raw! *
Step 2: Simply Link Argus' final numbers to ModernValue's "Value" worksheet Now you are using Argus output numbers within ModernValue's analysis/presentation format! Its easy. Its powerful!
Finish: Print ModernValue pages for a professional presentation!
ModernValue Professional
$549 Full Version (1 user per purchase)
$449 Limited (1 user per purchase) (no loan or lease expiration chart worksheets)
Bulk Discounts Available Consulting & training, only $39 per hour On-sight: add travel costs For general valuation or ModernValue phone support call: 208 794-4950
After credit card purchase, please contact us to receive product by email. Call: 208 794-4950 or email: shaxton(at)clearwire.net I will make sure you get it!! Thank you!
Stuart Haxton Company 208 794-4950 (10 am to 9 pm MST) shaxton29(at)gmail.com
270 W. Parliament Ct.
Individuals • Companies • USA • International
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Comparison Chart
Argus vs. ModernValue
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Argus Software
"Old industry standard - necessary only when the most complex cash flow analysis is needed. Best used in combination with ModernValue"
Below is my understanding of the software:
Pros • Cash flows can be developed to higher accuracy beyond Excel - only in the instance when changing lease rates and lease structures are present at rollover. However, these changes can be manually inputed in Excel. • The industry standard platform for brokers of large multi-tenant properties.
Cons • Argus is expensive & usually requires annual fee. • Argus requires extensive learning. • Common inputs are not intuitive or efficient. • Calculates slowly - doesn't calculate automatically. • Exporting to an Excel usually needed for final analysis. • Poor presentations of cash flows. • Cumbersome sensitivity analysis. • No stepped valuation - from simple to complex. • Have to print many worksheets and window-print various screens to easily see sensitivity variable inputs on paper. • Inputting lease details is inefficient. • User can't see how the model calculates. • Difficult to error check. • No presentation or adjustment worksheets to visualize rents on different basis for comparison purposes (i.e. NNN, Modified Net, or Full Service rent basis'). • Inflexibility often requires creative inputs to model properly. • Does not calculate average rent or weighted average rent.
- by Stuart Haxton, Stuart Haxton Company
ModernValue Professional solves the problems which Argus does not solve. It is stand-alone with Excel, or can merge Argus data into its valuation model!
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ModernValue Professional
"New standard for better valuation, analysis and presentation! Stand-alone or use with Argus data"
Pros • The best total presentation and intuitive software available! Built to impress the critical analyst! • The most educational and visual valuation model. • Built for the analyst ... by a valuation expert! • Includes the common amounts of expense line-item cost/sf, low/high/median! • Stepped valuation - from simple to complex as you proceed. • Argus users can easily merge Argus data into this model - for best analysis & presentations. • Simple adjustment worksheet to visualize rents on different basis for comparison purposes (i.e. NNN, Modified Net, or Full Service rent basis'). • Yield, DCF, Discount Rate, Cap Rate, Leveraged Yield - all automated and easy to visualize on 2 print pages! • Inexpensive. One-time cost. No updates required. • Very flexible (can be completely modified) • Excellent printable presentations
Cons • Cash flow changes don't automate - but only in the instance when changing lease rates and lease structures are present at rollover. However, these changes can be manually inputed.
- Stuart Haxton, Stuart Haxton Company creator of ModernValue Professional.
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