Ground Lease Valuation
Many landowners would rather keep their land and collect rent. This model shows what that rent is worth.
- Type
- Excel model
- Version
- v2.33
- Updated
- May 2026
- Stage
- Price the land, Lease, hold and sell
- File
- Excel workbook (.xlsx), 354 KB
- Works in
- Microsoft Excel 2013 or newer, desktop
What it answers
- What is a ground lease worth to the landowner, compared with selling today?
- What rent and increases make a ground lease fair to both sides?
- What is the land worth when the lease ends?
What goes in
- Ground rent, increases and term
- Options to extend
- Discount rate
- Value of the land and buildings when the lease ends
What comes out
- Value of the leased land
- Rent schedule over the term
- Returns to the landowner
How we use it
We use it when a landowner wants income rather than a sale price, most often for a pad on a busy corner.
Before you open it
- Use the desktop version of Excel. Excel for the web and other spreadsheet apps cannot run the parts of a model that use macros.
- On Windows, Excel blocks macros in any file downloaded from the internet and shows a red bar. Close the file, right-click it, choose Properties, tick Unblock and press OK, then open it again. If it came inside a zip, unblock the zip before you extract it.
- Read the Version tab first. It records the model's history and its authors. Leave it in place, unchanged, if you share the file.
Use and sharing
Free to use, adapt and share with anyone, as long as it stays free and its Version tab and credits stay in the file. Provided as is, for education. It is not investment, legal or tax advice, not an appraisal, and not an offer of any security. Any project figures in it are illustrative. Full terms, including credits, are in our Terms of Service.
Ground-Lease-Valuation-Model-v2.33.xlsx · SHA-256 a2af0b8463e2a111af35c8e70e9cd980a69de55c2d4bef4d874c745aa67abd26
Who it is for
Each of these has its own way to work with us.
Where it fits in our work
Often used with
Owners, brokers & representatives with sites
Submit a Site
From a few acres to master-planned assemblages, we acquire land across our target markets. Share the property details and our acquisition team will evaluate it promptly and confidentially.