Industrial flex property software that keeps unit spec, lease terms and improvements in one record
Industrial flex property is a building type that mixes warehouse or light manufacturing space with a finished office front, leased in multi tenant parks where office ratio, clear height and power service change unit by unit. The IRS depreciates the shell over 39 years and qualified improvement property over 15 years, and the 2022 Economic Census is the base count for lessors of nonresidential buildings. Neurobird holds the physical spec, the lease terms and the improvement history on one record per unit.
Neurobird Industrial Flex Property in short
- Hold the physical spec per unit: office ratio, clear height, dock and grade doors, power service, column spacing
- Track tenant improvement allowances against the lease clause that granted them, not against a memory
- Keep building systems, inspections and service history attached to the unit rather than to a filing cabinet
- 39 years The IRS recovery period for nonresidential real property. Qualified improvement property, which covers most interior flex fit out, runs 15 years, so the shell and the office front depreciate on separate clocks. IRS Publication 946
- 1910.178 OSHA requires documented training and evaluation at least every 3 years for every powered industrial truck operator. That is your tenant's forklift fleet, operating inside your building. OSHA, powered industrial trucks
- Pricing runs 150 to 620 US dollars per month across 3 tiers. Early access is free.
What industrial flex park owners and managers actually deal with
Why it stays broken
A 6 building park with 120 units has 120 different office ratios, and each one was set at a lease event years apart. The accounting system knows the rent. The plan set knows the walls. Nothing knows both, so the answer to a broker question is a site visit.
One wrong clear height on a listing costs a 5,000 square foot deal and 3 weeks of broker attention.
The property has a recovery period of at least 10 years or is transportation property.
What running flex space actually involves
Useful if you are underwriting a park or scoping a fit out. Each source links out.
The IRS recovery period for nonresidential real property. Qualified improvement property, which covers most interior flex fit out, runs 15 years, so the shell and the office front depreciate on separate clocks.
IRS Publication 946OSHA requires documented training and evaluation at least every 3 years for every powered industrial truck operator. That is your tenant's forklift fleet, operating inside your building.
OSHA, powered industrial trucksThe OSHA materials handling and storage standard sets aisle clearance, stacking and mechanical handling rules in the warehouse half of a flex unit.
OSHA, warehousingThe ENERGY STAR benchmarking scale for commercial buildings. Warehouse and non refrigerated distribution space is an eligible property type, and a growing list of city ordinances now require annual benchmarking.
ENERGY STAR for buildingsReference year of the current Economic Census, the authoritative establishment count for lessors of nonresidential buildings and the base most park level market sizing is built from.
US Census Bureau, Economic CensusNeurobird Industrial Flex Property Coverage Platform
Make the unit the record. Spec, lease terms, improvement spend and inspections attach to it, so a 480 volt question is answered in seconds rather than from a tape measure.
- 1Hold the physical spec per unit: office ratio, clear height, dock and grade doors, power service, column spacing
- 2Track tenant improvement allowances against the lease clause that granted them, not against a memory
- 3Keep building systems, inspections and service history attached to the unit rather than to a filing cabinet
- 4Answer a broker question about availability and spec without a site visit or a phone tree
What changes with Neurobird Industrial Flex Property?
The same work, read left to right: how it runs today, and how it runs once the record is in one place.
| Today | With Neurobird Industrial Flex Property |
|---|---|
| Every unit is a different office to warehouse ratio, and the ratio changes again the moment a tenant renews | Hold the physical spec per unit: office ratio, clear height, dock and grade doors, power service, column spacing |
| Clear height, dock position, power service and column spacing decide whether a prospect signs, and none of it is written anywhere a broker can read without calling you | Track tenant improvement allowances against the lease clause that granted them, not against a memory |
| Tenant improvement allowances get spent before anyone reconciles them against what the lease actually promised | Keep building systems, inspections and service history attached to the unit rather than to a filing cabinet |
Who is this for?
Same park, three different exposures.
You own 1 or 2 parks
You answer broker calls yourself. You need the spec for all 40 units in your pocket, not in a filing cabinet.
You manage for owners
Owners want capital plans and tenants want fit out. You need improvement spend tied to the lease clause that allowed it.
You underwrite at scale
Consistency across 200 units in 6 states beats per property heroics. You need the same fields captured the same way everywhere.
How does Neurobird Industrial Flex Property work?
Capture the unit spec once
Office ratio, clear height, dock and grade doors, power service, column spacing and sprinkler type, held per unit and updated when work is done.
Attach the lease and the money
Improvement allowances, options and expiry sit against the same unit, so what was promised and what was spent are visible together.
Answer without a site visit
Availability, spec and fit out history come back on one screen, which is what a broker call actually needs.
The park, unit by unit
A working preview. Tick a unit to pull its spec and improvement file.
- Certificate filedpending
- Improvement scopedpending
- Space measuredpending
- Allowance drawnpending
Advance a step to see what the client sees.
Industrial flex property software questions, answered
Key terms
- What is an industrial flex property?
- An industrial flex property is a building that mixes warehouse or light manufacturing space with a finished office front, usually in multi tenant parks. The office ratio is the defining variable: the same 5,000 square foot shell can be 10 percent office for a contractor or 60 percent office for a lab, and the fit out follows the tenant.
Why is flex space harder to manage than plain warehouse?
Because no 2 units are the same. Clear height, power service, dock versus grade access and office ratio all vary inside one building, and each change gets made at a lease event. Plain warehouse is one spec repeated. Flex is 40 specs sharing a roof.
How is a flex building depreciated?
Nonresidential real property is depreciated over 39 years. Qualified improvement property, which covers most interior fit out work in an existing building, has a 15 year recovery period. That means the shell and the office front sit on different schedules and the lease file has to say which spend is which.
What power service do flex tenants ask about?
Almost always amps and voltage before anything else. A shop asking for 480 volt three phase and 1,000 amps is a different tenant from an e commerce user who needs 200 amps and 24 dock positions. If you cannot answer it in the first call, the broker moves on.
Does this replace our accounting system?
No. Rent, billing and the general ledger stay where they are. What lives here is the unit level truth: spec, lease terms, improvement history and inspections, joined so a leasing or capital decision can be made from one screen.
Why we are building this
Flex space is the most operationally detailed thing in commercial real estate and the least documented. Every unit has a physical spec that decides its rent, and that spec usually lives in a plan set nobody opens.
So leasing runs on memory and site visits, capital planning runs on last year's number, and improvement allowances get spent without anyone checking the clause that granted them.
We would rather build this with people who lease flex space for a living. Tell us how you run it, and where we have got it wrong.
Where the requirement comes from
Public sources on how flex industrial property is taxed, inspected and counted.
- IRS Publication 946, depreciating property Recovery periods for nonresidential real property and qualified improvement property, the 39 year and 15 year split behind every fit out decision.
- OSHA warehousing Materials handling, storage and powered industrial truck rules that apply inside the warehouse half of a flex unit.
- GSA real estate leasing How the largest single tenant in the country specifies and leases space, a useful reference for lease structure.
- US Census County Business Patterns Establishment counts by industry, the source for how many nonresidential lessors and warehouse tenants exist.
How much does Neurobird Industrial Flex Property cost?
Priced per building because that is how flex parks are owned and financed. Units and users are unlimited on every tier.
- Unit spec records
- Lease term storage
- Improvement tracking
- Availability view
- Email support
- Everything in Single building
- Allowance reconciliation
- Inspection and service history
- Broker ready spec sheets
- Named contact
- Everything in Park
- Accounting system sync
- Multi entity roll up
- Capital plan by unit
- Onboarding included
Get free early access
If you own or manage flex space, tell us how you answer a spec question today and where it goes wrong.
Straight answer on where this is: In development. Early access gets the working preview, a say in what ships first, and early access pricing. It does not get you a login today.
Prefer email? Write to office@neurobird.com and a person will reply. No autoresponder.