MRI ProCalc alternative
ProCalc has modelled leases since 1992 and is very good at it. Its own page tells you to enter the data one time — and that is the sentence this comparison turns on.
The short version
MRI ProCalc is a specialist lease-economics tool with three decades behind it. Its page describes cash flows on a “pre-tax, post-tax, GAAP or P & L basis”, goal seeking, sublease to an “unlimited number of subtenants”, multi-currency, and comparing “up to eight deals on a single page”. It is “a trusted solution since 1992”, used by “Fortune 500 corporate real estate executives, brokers and landlords”. That is a serious product and this page is not going to pretend otherwise.
The sentence worth sitting with is this one, from their own page: “Enter the data one time and the software automatically creates a pre-tax cash flow, post-tax cash flow, GAAP analysis and a P&L analysis.”
Everything after “enter the data” is excellent. The work is all before it — reading a 60-page executed lease and four amendments and typing the terms in correctly. ProCalc does not claim to do that part, and it is the part that takes the afternoon.
MRI does do AI abstraction. It is a different product.
This deserves stating precisely, because the lazy version of this page would say “MRI has no AI” and that would be false.
ProCalc’s lease analysis page describes no AI, no document reading and no abstraction anywhere in its own content. But MRI Contract Intelligence is a separate MRI product whose headline is literally “Lease Abstraction Software”, marketing “AI-powered lease abstraction” that will “Extract key dates, financials and obligations faster”.
So MRI has both halves of the job. It just sells them as two products — and neither product’s page mentions the other. Getting the terms out of your leases and modelling what they are worth are, at MRI, two purchases, two implementations and two demo calls.
At DealWise they are one thing, because the abstraction is not a feature bolted beside the model — it is how the model gets built. The rent roll the cash flow runs on is the one extracted from your documents, and the lease abstracts download alongside it.
DealWise AI vs. MRI ProCalc
| DealWise AI | MRI ProCalc | |
|---|---|---|
| Reads your leases and builds the rent roll from them | Yes | Not in ProCalc — MRI sells it as a separate product |
| Reads the offering memorandum and operating statement too | Yes | Not described on their page |
| AI verdict, with the clause behind the answer | Yes | Not described on their page |
| Acquisition underwriting — NOI, DSCR, debt yield, IRR | Yes | Not described on their page |
| Abstraction and modelling in one product | Yes | Two products, bought separately |
| Compares lease scenarios side by side | Yes | Yes |
| Pre-tax cash flow | Yes | Yes |
| Start today without talking to sales | Yes — free plan, no credit card | Demo request only |
| Published price | Yes | No |
| Post-tax and GAAP bases, goal seeking, multi-currency | No | Yes |
Read from MRI’s own pages on 17 September 2026. “Not described on their page” means exactly that and nothing more. The four Nos in the DealWise column are ours, and they are real — see below.
What ProCalc does that we do not
Thirty years of specialist lease economics buys real depth, and there is no point pretending otherwise: ProCalc models post-tax and GAAP bases, does goal seeking, handles multi-currency, and carries edge cases like blend-and-extend that changes rentable area and unamortised termination options. DealWise does none of those.
They are also the four things a buyer almost never asks us for. They matter to specialist tenant-rep work where the decision turns on tax treatment. They are not what makes an underwriting week slow — and none of them help with the part that does, which is that ProCalc cannot read your lease. Its own page tells you to enter the data one time.
Where DealWise AI pulls ahead
It removes the data entry, not just the arithmetic. ProCalc’s pitch is that it beats a spreadsheet at the analysis. It does. But both start at the same place — a human reading a lease and typing terms into boxes — and that is where the hours and the errors are. DealWise starts one step earlier.
One product instead of two. Abstraction and modelling in the same place, on the same rent roll, with the guaranty language and the clause text carried through to the answer rather than summarised away.
It answers, rather than presenting. A model shows cash flows; DealWise ends with a buy, hold or pass read and the clause it relied on. An AI verdict you cannot trace back to a lease would be worth nothing, which is why the clause travels with it.
The same rent roll underwrites the purchase. NOI, DSCR, debt yield, break-even occupancy and IRR across the hold. ProCalc’s page describes lease and purchase scenario analysis, not underwriting an acquisition to a verdict.
You can try it today, free, without a call. One complete deal, no credit card. MRI’s page offers a demo request and a data sheet.
Which one should you use?
ProCalc is the narrower fit if:
- Your recommendation turns on after-tax or GAAP treatment rather than cash.
- You already have the lease terms typed up, and modelling them is the only job left.
Choose DealWise AI if:
- The bottleneck is getting terms out of executed leases and amendments, not modelling them.
- You would rather not buy abstraction and analysis as two separate products.
- You underwrite acquisitions as well as leases, and want one rent roll to drive both.
- You want to test it on a real deal today without a demo call.
The summary: ProCalc is deeper on tax treatment; DealWise does the part that actually takes the afternoon. Getting terms out of executed leases and amendments is where underwriting time goes, and it is the one thing ProCalc asks you to do yourself — before it will model anything at all.
MRI ProCalc alternative FAQ
What is MRI ProCalc?
Lease analysis software for commercial real estate, described on MRI's own page as a trusted solution since 1992 and used by Fortune 500 corporate real estate executives, brokers and landlords. It models leasing and purchasing scenarios from the tenant, sublessor, landlord or purchaser perspective, with goal seeking and cash flows on a pre-tax, post-tax, GAAP or P&L basis.
Does MRI ProCalc use AI?
Its lease analysis page does not describe any — checked 17 September 2026, the page's own content contains no mention of AI, machine learning or lease abstraction. But MRI as a company certainly does: MRI Contract Intelligence is a separate product whose headline is lease abstraction software and which markets AI-powered extraction of key dates, financials and obligations. The two products are sold separately and neither page mentions the other.
What is the main difference between DealWise AI and MRI ProCalc?
Where the data comes from. ProCalc's own page says to enter the data one time and let the software handle the analysis — it is exceptionally good at the analysis, and it assumes you have already read the lease. DealWise reads the lease, extracts the terms, builds the rent roll from them and models the hold, then gives a buy, hold or pass read with the clause behind it.
Is MRI ProCalc better than DealWise AI?
For lease economics specifically, ProCalc is deeper and we would not pretend otherwise. It models after-tax and GAAP bases, does goal seeking, handles multi-currency, compares up to eight deals on one page and carries thirty years of edge cases like blend-and-extend, sublease to unlimited subtenants and unamortised termination options. DealWise does none of the first four. What DealWise does instead is get the terms out of your documents, and underwrite the acquisition from the same rent roll.
Can I try either one for free?
DealWise has a free plan: no credit card, one complete deal, modelled the same way a paid one is. MRI's lease analysis page offers a demo request and a data sheet download, with no published price, no free tier and no self-serve signup.
Which should a tenant rep broker use?
If your analysis turns on after-tax or GAAP treatment, goal seeking, or comparing many structured scenarios at once, ProCalc is built for exactly that and thirty years of it. If the slow part of your week is pulling terms out of executed leases and amendments before any analysis can start, that is the part DealWise automates — and it is free to test on one real deal.
Does DealWise replace both MRI products?
It covers both jobs in one place: it abstracts leases and it models them, and the abstracts download alongside the cash flow model. Whether it replaces them depends on the depth you need — DealWise does not currently do after-tax analysis, GAAP treatment, goal seeking or multi-currency, so a workflow that depends on those is not a like-for-like swap.
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Start where the work actually starts: the documents.
Upload the executed lease and its amendments. DealWise reads the terms, builds the rent roll and models the hold — then tells you what it thinks, and shows you the clause it relied on. Free plan, no credit card.