# 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.

- URL: https://neurobird.com/flexproperty/
- Product: Neurobird Industrial Flex Property Coverage Platform
- Niche: industrial flex property
- Buyer: industrial flex park owners and managers
- Status: in development, open for early access
- Updated: 2026-08-21

## What Neurobird Industrial Flex Property does

- 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
- Answer a broker question about availability and spec without a site visit or a phone tree

## How it works

1. **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.
2. **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.
3. **Answer without a site visit** Availability, spec and fit out history come back on one screen, which is what a broker call actually needs.

## From the source material

> The property has a recovery period of at least 10 years or is transportation property.

Source: IRS Publication 946, depreciating property, https://www.irs.gov/publications/p946

## Industry context

- **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. (source: IRS Publication 946, https://www.irs.gov/publications/p946)
- **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. (source: OSHA, powered industrial trucks, https://www.osha.gov/powered-industrial-trucks)
- **1910.176** The OSHA materials handling and storage standard sets aisle clearance, stacking and mechanical handling rules in the warehouse half of a flex unit. (source: OSHA, warehousing, https://www.osha.gov/warehousing)
- **1 to 100** The 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. (source: ENERGY STAR for buildings, https://www.energystar.gov/buildings)
- **2022** Reference 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. (source: US Census Bureau, Economic Census, https://www.census.gov/programs-surveys/economic-census.html)

## Pricing

- Single building: $150 per building, per month
- Park: $340 per building, per month
- Portfolio: $620 per building, per month

## Questions

### 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.

## Sources

- [IRS Publication 946, depreciating property](https://www.irs.gov/publications/p946)
- [OSHA warehousing](https://www.osha.gov/warehousing)
- [GSA real estate leasing](https://www.gsa.gov/real-estate/real-estate-services/leasing)
- [US Census County Business Patterns](https://www.census.gov/programs-surveys/cbp.html)

## Contact

- office@neurobird.com
- https://neurobird.com/