This glossary explains every preset feature on the Features tab in Settings. Features are the extra details you can record on properties and spaces, and the fields Scout AI looks for when it reads your brochures, reports and spreadsheets.
Here you'll find a plain definition of how we define these features.
To choose which features your account uses, see Choose Property & Space Features for Scout AI.
How features are organized
Location Features describe the whole property: its size, construction, ownership, site and surrounding market.
Space Features describe an available space or comp within a property, such as its clear height, loading doors or deal terms.
Within each, features are grouped by asset class (General, Office, Industrial, Retail, Land and so on), matching the cards on the Features tab.
Some terms appear in both. For example, Clear Height as a Location Feature describes the whole building, and as a Space Feature it describes one space.
A few terms are regional. NABERS, End of Trip (EoT), CAC, Carparking, Fitout and Tenancy Cleaning are common in Australia, and EPC is used in the UK and EU.
Location Features
Call Center
Existing Fiber Optics: Whether the building already has fiber-optic telecom lines.
Existing Generator: Whether the building has a backup power generator in place.
Existing Workstations: Whether furnished workstations (cubicles or desks) are already in the space.
Total Call Center Space: The amount of space in the building for call center use (for example, 32,458 SF).
For Sale
Cap Rate: Capitalization rate: Net Operating Income ÷ purchase price, as a percentage. It's the expected unlevered annual return.
Net Operating Income: The property's annual income after operating expenses (NOI), before debt service, income taxes and capital expenditures.
General
Brand: The hotel's brand, such as Wyndham.
Building FAR: Floor Area Ratio: total building floor area ÷ lot area.
Building Size: The total square footage of the building.
Buyer: The person or company that bought the property.
Class: The building's quality rating (Class A, B or C), based on age, location, finishes, amenities and rents.
Construction Status: Whether the building is existing, under construction or pre-leasing.
Deal Type: The property's lease structure, such as NNN.
Demisable: Whether the space can be divided into smaller units.
Direct Available: The amount of space available for lease directly from the landlord across the whole property (for example, 125,000 SF).
EPC: Energy Performance Certificate, a UK energy-efficiency rating from A (most efficient) to G (least efficient).
Grade: A building quality grade, such as B-Grade. The Australian and international equivalent of Class.
Gross Rental Rate: The rent including operating expenses, typically the base rate plus OpEx.
Hotel Opened: The date the hotel opened (for example, Nov 1968).
Landlord: The landlord of the building.
Landlord Rep Info: The name, email and phone number of each broker representing the landlord (the listing agents).
Land Price: The price of the land alone, excluding buildings and improvements, often with a per-acre or per-square-foot rate.
Largest Meeting Space: The size of the largest single meeting or event room, mainly for hotels and venues.
Meeting Space: The total meeting and event space in the property.
NABERS Energy Rating: Australia's National Australian Built Environment Rating System energy rating, from 0 to 6 stars (for example, 4.0 Star).
Operation Status: Whether a hotel is open, closed, under renovation, under construction or planned.
Operation Type: How the hotel is operated, such as franchise.
OpEx: The operating expenses passed through to tenants, usually per square foot (for example, $11.00 SF).
Ownership: The name of the company that owns the building.
Parent Company: The parent company of the hotel, such as Wyndham Hotels & Resorts.
Price per Room: Hotel sale price ÷ number of rooms (keys).
Recorded Buyer: The buyer entity named on the public deed or recorded documents, often a single-purpose LLC.
Recorded Seller: The seller entity named on the public deed or recorded documents.
Rental Rate: The asking or achieved rent, also called the lease rate.
Rooms: The number of hotel rooms (keys).
Seller: The person or company that sold the property.
Sold: The date the property most recently sold.
Stories: The number of stories in the building.
Sublease Available: The amount of space offered as a sublease from existing tenants across the whole property (for example, 125,000 SF).
Tenant Rep Info: The name and firm of the broker who represented the tenant in a lease.
True Buyer: The real buyer behind a recorded entity, such as the parent company behind an LLC.
True Seller: The real seller behind a recorded entity.
Year Built / Renovated: The year the building was built and, if it has been renovated, the year of renovation (for example, 1985 / 2010).
Industrial
Auto Parking: The number of car parking spaces.
Building Depth: The depth of the building (for example, 200').
Building Height: The total building height (TBH) (for example, 45 feet).
Building Type: The industrial subtype, such as flex, warehouse or manufacturing.
Clear Height: The usable interior height from the floor to the lowest overhead obstruction (for example, 24').
Column Spacing: The distance between interior columns (for example, 40' x 24').
Construction: The building's main construction material, such as concrete, masonry or steel.
Construction Type: A fuller description of the construction system, such as tilt-up concrete panels, steel frame with metal panels, reinforced masonry or wood frame.
Crane: The number and capacity of any cranes (for example, three 50-ton cranes).
Dock High: The number of dock-high doors: loading doors at truck-bed height, where a trailer backs in flush with the warehouse floor.
Docks: The number of dock doors, as listed, sometimes with door dimensions.
Drive-In Bays: The number of drive-in bays, sometimes with door dimensions (for example, 5 at 8' wide x 10' high).
Grade Level: The number of grade-level doors: ground-level doors that trucks and vehicles drive straight into.
Green Rating: A green building certification the building has earned, and its level, such as LEED Silver, ENERGY STAR, WELL, BREEAM, NABERS or Green Star.
HVAC: Whether the warehouse has heating, ventilation and air conditioning.
Levelers: The dock levelers that bridge the gap between the dock and the trailer bed, such as how many there are, their type, or the share of dock doors that have them.
Loading: The number of loading docks.
Lot Size: The size of the lot the building is on, also called land area (for example, 5 acres).
Max Contiguous: The largest block of connected space available in the building (for example, 47,088 SF).
Occupancy Status: Whether the building is occupied, partly occupied or vacant.
# of Buildings: The number of separate buildings on the property or site.
Office Size: The size of the office space within the industrial building (for example, 5,000 SF).
Power Supply: The building's electrical service, in amps, volts and phase (for example, 600a/110-208v 3p).
Rail Service: Whether the property is rail-served, with details such as the rail provider, the number of rail doors and how many railcars it can take.
Roof Structure Supports Solar: Whether the roof is solar-ready or already has solar installed.
Slab Thickness: The thickness of the concrete floor slab (for example, 6 inches).
Sprinkler System: The type of fire suppression system, such as ESFR.
Tenancy Type: Whether the building is single-tenant or multi-tenant.
Trailer Parking: The number of trailer parking spaces.
Truck Court: The depth of the area in front of the docks where trucks turn around, in feet (for example, 125 feet).
Warehouse Size: The warehouse area, separate from office space, yard and total building area.
Wash Bay: Whether the building has a wash bay for spraying down trucks.
Yard Size: The usable outdoor acreage on the site, not counting the building's footprint (for example, 2.34 acres).
Zoning: The site's zoning designation (for example, M-1).
Land
Base Soil Layer: The existing surface and base material of the yard or site, such as soil, gravel, rock, asphalt or concrete.
Compaction Material: The material used to compact or stabilize the yard surface, such as crushed stone, gravel or millings, and its depth when stated.
County: The county the land is in.
Date of Phase 1: The date of the most recent Phase I Environmental Site Assessment.
Demisable Acreage: How much acreage can be split off and leased or sold as a smaller part of a larger site.
Distance to Grid: How far the property is from the electrical grid (for example, 3.4 miles).
Easements: Third-party rights over part of the land, such as utility, drainage, access, pipeline or rail easements.
Environmental Concerns: Known or suspected environmental issues, such as prior industrial or fueling use, underground storage tanks, wetlands or contamination.
Environmental Details: Supporting environmental notes, such as Phase II or remediation history, regulatory status and land-use restrictions.
Fenced: Whether, and how much of, the site is fenced, including fence height, material and gates.
Graded & Stabilized?: Whether the yard or usable area has been graded and stabilized for equipment traffic or outdoor storage.
IOS Permitted?: Whether industrial outdoor storage (IOS) is allowed: by right, only as an accessory use, or with conditional approval.
Lot Lighting: Whether the yard or lot has exterior lighting, and the areas it covers.
Parcel Size: The size of the parcel, in acres (for example, 2.53 AC).
Paved Concrete?: Whether, and how much of, the site is paved with concrete, including concrete pads or aprons.
Permitted Outdoor Storage Height: The maximum height allowed for materials, containers, trailers or equipment stored outdoors.
Points of Ingress/Egress: The number and description of the site's driveways, entrances and exits.
Price per Acre: The cost per acre of a land deal (for example, $10,000/AC).
Screening Requirements: Required fencing, walls, landscape buffers or setbacks that hide outdoor storage from neighbors or the street.
Security Camera Access: Whether the site has security camera coverage, and whether the cameras and remote access stay with the property.
Sewers: The property's sewer service, such as a municipal connection or septic.
Shape of Lot: The parcel's shape, such as rectangular, irregular or flag-shaped.
Stormwater Retention: On-site stormwater detention or retention, including its type, location, capacity and how much of the site it takes up.
Street Frontage: The length of frontage on a specific street (for example, 1,533 feet on Ebenezer).
Topography: The site's grade and slope, such as level, rolling or sloped.
Township: The township the property is in.
Traffic Count: The average daily traffic past the site, in vehicles per day (for example, 35,100 VPD).
Usable Acreage: The part of the site that is usable, as distinct from total acreage.
Utilities: The utilities available at the site, such as electric (including three-phase) power, water, sewer, gas and telecom.
Zoning: The land's zoning designation (for example, AR).
Zoning Details: Zoning notes beyond the classification itself, such as approvals, conditions, variances or ordinance references.
Office
CAC (Common Area Cleaning): The cost of cleaning shared areas such as lobbies, corridors and restrooms, as a rate per square meter.
Carparking: The type of car parking available at the building (for example, on-site parking).
Cleaning: Who covers the cost of cleaning services, for example the tenant.
Condition: The office space's quality and condition grade: Grade A (high-quality finishes, new or recently refurbished), Grade B (older but functional) or Grade C (basic, may need refurbishment).
Elevators: The number of passenger and freight elevators (for example, 5 passenger, 1 freight).
End of Trip (EoT): Whether the building has facilities for active commuters, such as showers, lockers, bike storage and change rooms.
Fitout: The interior improvements in the building's spaces, such as walls, ceilings, finishes and furniture. Called build-out in the US.
Handover Condition: The condition the landlord will deliver the space in, such as warm shell, fitted or as-is.
Key Tenants: Notable tenants in the building and how much space each occupies.
Levels: The number of floors in the building (for example, 24).
# of People: The number of people the space can accommodate.
Parking Ratio: Parking spaces per 1,000 square feet (for example, 3.0 per 1,000).
Percent Leased: How much of the building is leased (for example, 85% leased).
Reserved Parking: The cost of a reserved parking space (for example, $100 per space per month).
Signage: The signage opportunity, such as the right to put a tenant's logo on the outside of the building.
Tenancy Cleaning: The cost of cleaning the tenant's own premises, as a rate per square meter.
Top 3 Tenants: The three largest tenants in the building and their square footage, usually from the stacking plan.
Total Available SF: The total square footage available in the building (for example, 100,000 SF).
Typical Floor Size: The typical size of a floor in the building (for example, 10,520 SF).
Retail
1 / 3 / 5 Mile Average Household Income: The average household income within 1, 3 and 5 miles of the property.
1 / 3 / 5 Mile Daytime Population: The number of people present during business hours (workers plus residents) within each radius.
1 / 3 / 5 Mile Median Household Income: The median household income within each radius.
1 / 3 / 5 Mile Population: The residential population within each radius.
1 / 3 / 5 Mile Population Growth: The projected population growth rate within each radius, for the period shown on the source document.
Center Type: The type of center the space is in, such as strip, lifestyle or power center.
Frontage: The number of feet of frontage on the street (for example, 125 ft).
Parking Spaces: The parking available at the location, as a ratio or count (for example, 9.72/1,000 SF; 66 surface spaces).
Traffic Counts: The number of vehicles that pass the location each day (for example, 24,300 VPD).
Space Features
For Sale
Cap Rate: The capitalization rate for this sale (NOI ÷ price).
Sale Type (User vs Investor): Who the sale is for: User, Investment, Development, User/Development or User/Investment.
General
Comp Source: Where a comp came from: Internal (your own deals), CoStar, or Broker contact.
Co-op Broker: The broker on the other side of the deal: the tenant's broker on a lease comp, or the buyer's broker on a sale comp.
Delivery Condition: The condition the space will be delivered in, such as as-is, turnkey, build-to-suit, warm shell or cold shell.
Principal Broker: The broker on the landlord or seller side: the landlord's broker on a lease comp, or the seller's broker on a sale comp.
Industrial
Auto Parking: The car parking spaces allocated to this space, not the whole building.
Clear Height: The clear height of this space (for example, 32').
Column Spacing: The column spacing in this space (for example, 40' x 24').
Crane Details: Any overhead cranes in this space, with their number, capacity and coverage (for example, two 10-ton bridge cranes).
Dock High Doors: The number of dock-high doors serving this space.
Docks: The number of dock doors for this space, as listed.
Drive-In Bays: The number of drive-in bays serving this space.
Grade Level Doors: The number of ground-level doors serving this space, for vans, box trucks and equipment.
HVAC: The HVAC status of this space: in place, not in place, the landlord is willing to install it, or pending.
Load Configuration: How trucks load this space: rear load, front load, cross-dock (goods come in one side and go out the other) or side load.
Loading: A summary of this space's loading, such as its dock-high doors, drive-in doors and ramps.
Office Size: The office area within this space, existing or planned (for example, 3,918 SF).
Power Supply: The electrical service for this space, in amps, volts and phase, and whether capacity can be increased.
Sprinkler System: The type of sprinkler system for this space, such as ESFR.
Office
Fitout: The existing interior improvements in this suite.
Handover Condition: The condition the landlord will deliver this suite in, such as warm shell, fitted or as-is.
Landlord Rep Info: The name, email and phone number of each listing broker for this suite.
Tips
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