Adaptive Reuse Calculator
Conversion cost for historic building repurposing.
Inputs
Results
Renovation cost ($)
$2,100,000
Total project cost ($)$2,600,000
Total cost/sq ft ($)$260
Federal HTC (20%) ($)$420,000
Net cost ($)$2,180,000
How to Use This Calculator
- Enter Building area (sq ft) and Acquisition cost ($) for the historic structure you are evaluating.
- Rate the building Condition (1=Excellent to 5=Critical) based on a recent structural inspection.
- Select the New use type (0=Office, 1=Residential, 2=Retail, 3=Mixed-use) to determine conversion multipliers.
- Review Renovation cost and Total project cost to compare against new construction alternatives.
- Check Federal HTC (20%) to understand the historic tax credit available for qualifying rehabilitation expenditures.
- Use Net cost after credits and Cost per sq ft as your per-square-foot basis for pro-forma financial modeling.
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