LeaseCalcs alternative

LeaseCalcs’ broker pitch is sharp and worth understanding, because it is genuinely a good one: “While your competition talks about vacancy rates and expiration dates, you are showing the CFO how to improve earnings, EBITDA or the balance sheet.” It is a business-development weapon for tenant reps, built on lease accounting expertise most brokers do not have.

It is answering a question about your client’s income statement. DealWise answers a question about the deal — what the rent roll actually supports, what it returns across the hold, and whether to do it.

And there is one line on their pricing page worth reading twice: “Upload lease documents to keep everything accessible.” That is storage, not reading. Their broker pages contain no mention of AI, lease abstraction or extraction anywhere. The documents go in so your team can find them later; the terms still reach the model because a person typed them.

The documents are read, not filed. This is the whole difference. Uploading a lease so it is accessible later saves you a search; it does not save you the afternoon. DealWise extracts the dates, the rent steps, the lease type, the TI and the options out of the executed lease and its amendments, and builds the rent roll from them.

It underwrites, not just analyses. NOI, DSCR, debt yield, break-even occupancy and IRR across the hold, ending in a buy, hold or pass read with the clause behind it. LeaseCalcs’ broker pages describe lease and financial analysis for a tenant, not underwriting an acquisition.

No deal ceiling. Their broker tiers are capped at 100, 250 and 500 deals a year. Most underwriting happens on buildings that never close, so a per-deal cap charges you for the ones you walk away from — and makes you think twice before running the analysis that tells you to walk. DealWise does not cap deals on a paid plan.

You can start in the next ten minutes. Free plan, no credit card, one complete deal modelled the way a paid one is. Their broker pricing page shows no free tier and no trial.

LeaseCalcs is the narrower fit if:

• Your pitch is to a CFO and turns on accounting treatment rather than the deal itself.
• You want client-facing reports in your own firm’s branding.

Choose DealWise AI if:

• You want the leases read rather than stored, and the rent roll built for you.
• You underwrite deals to a decision, not just model a tenant’s financial statements.
• You look at far more deals than you close, and do not want a ceiling on that.
• You want to test it on a real deal today without a demo call or an annual commitment.

The summary: LeaseCalcs is an accounting argument you bring to a client. DealWise is the underwriting that tells you whether there is a deal at all. Only one of them opens the lease.