FRG Real Estate Services

What FRG Real Estate Services does

FRG Real Estate Services, operating under the legal name Feasibility Research Group, is a commercial real estate appraisal and consulting firm founded in 1989 and headquartered in University Heights, Ohio, with a second office in Ann Arbor, Michigan. The firm specializes in commercial property valuations, market and feasibility studies, and ancillary real estate services for government agencies, lending institutions, municipalities, and private investors across a multi-state footprint covering 12 states plus the District of Columbia. The team comprises fewer than ten staff including three MAI-designated appraisers—the highest credential issued by the Appraisal Institute, requiring 480+ hours of coursework, 4,500+ hours of specialized commercial experience, and an oral defense of a demonstration report.

The firm's core offerings span three service lines: commercial real estate appraisals (including specialty properties such as churches, healthcare facilities, hospitality venues, marinas, and multifamily housing, plus right-of-way and eminent domain work conforming to USPAP and Yellow Book guidelines); research analysis (market studies, feasibility studies, and rent comparability studies for HUD and USDA programs); and supplementary real estate services (property inspections per ASTM guidelines, title research tracing ownership to the 1800s, capital needs assessments over 20-year horizons, and investigative services). FRG differentiates operationally through its proprietary "LEAN" appraisal process, a 2-Stage Quality Check with final MAI review, and cloud-based project management technology that enables commercial appraisal delivery in under two weeks versus the typical industry standard of three to four weeks.

The business operates on a project-based professional services fee model with custom quote-based pricing determined by property type, complexity, geographic scope, and turnaround requirements. Go-to-market is direct engagement only—no resellers or channel intermediaries—with federal, state, and local government agencies (notably State Departments of Transportation for right-of-way acquisition), housing authorities and federal programs (HUD, USDA Rural Development, GSA), lending panel arrangements with regional and community banks, and direct outreach to private developers and investors. Marketing relies on content marketing through the company blog, LinkedIn and Twitter/X presence, and reputation-driven referrals anchored in the firm's 35+ year operating history and expert witness credentials. The firm is privately held with founder/management ownership and no disclosed external investment.

Name

FRG Real Estate Services

Legal name

Feasibility Research Group

Website

https://frg-consultants.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

1–10 employees

Short description

FRG (Feasibility Research Group) is a commercial real estate appraisal and consulting firm serving government agencies, lending institutions, municipalities, and private investors across 12 states plus DC, specializing in commercial property valuations, feasibility studies, and specialty property appraisals.

Ownership category

akta.pro rank

Headquarters

HQ city

Ohio

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Commercial Real Estate Appraisal Services: Project-based professional fees for commercial property appraisals including right of way, multifamily housing, specialty properties (churches, healthcare, hospitality). Revenue generated on a per-assignment basis with pricing based on property complexity and scope.
2. Research and Feasibility Analysis: Market studies, feasibility studies, and rent comparability studies for developers, government agencies, and financial institutions
3. Real Estate Services: Capital needs assessments, property inspections, title research, and investigative services

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

FRG (Feasibility Research Group) is a commercial real estate appraisal, economic analysis, and consulting firm. It provides MAI-designated commercial property appraisals (including right of way, multifamily/affordable housing, specialty properties such as churches, healthcare, and hospitality, and general office/industrial/retail assets), market and feasibility studies, rent comparability studies, and supplemental services such as property inspections, title research, capital needs assessments, and investigative/expert witness work. Engagements are delivered under a proprietary FRG LEAN process with a 2-stage quality check, typically within two weeks.

Product overview

FRG (Feasibility Research Group) is a commercial real estate appraisal and consulting firm offering a unified suite of professional services. The core offerings include Commercial Real Estate Appraisals (covering specialty properties, multifamily housing, right of way, and general commercial properties), Research Analysis (market studies, feasibility studies, and market rent studies), and Real Estate Services (property inspections, title research, capital needs assessments, and investigative services). These services work together to provide comprehensive support for real estate investment decisions, with proprietary cloud-based technology and LEAN appraisal processes enabling delivery in under two weeks.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Real Estate Appraisals
• Research Analysis (Market, Feasibility, and Rent Studies)
• Real Estate Services (Inspections, Title Research, Capital Needs Assessments, Investigative)
• Right of Way Appraisals
• Affordable Multifamily Housing Appraisals
• Specialty Property Appraisals
• Expert Witness Testimony

Quantifiable outcome

• Turnaround time of under 2 weeks for complex commercial appraisals (industry standard is 3-4 weeks)

Named customers6 records

Segments8 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators3 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• Colliers International (Valuation & Advisory): Global commercial real estate firm with a U.S. Valuation & Advisory Services practice that competes for the same commercial, multifamily, and specialty property appraisal mandates.
• Cushman & Wakefield (Valuation & Advisory): Global commercial real estate services firm with a dedicated Valuation & Advisory practice serving the same lender, government, and investor clients. Overlaps directly with FRG's appraisal, right-of-way, and feasibility work but offers a much broader services portfolio.
• CBRE (Valuation & Advisory Services): World's largest commercial real estate services firm with a dedicated Valuation & Advisory Services group. Competes directly for government and lender appraisal mandates at national scale, including HUD, USDA, and transportation agency work.
• JLL (Valuation Advisory): Global real estate services firm offering valuation advisory, appraisal, and consulting. Competes for the same enterprise lending and government panels as FRG while serving a vastly broader geographic and service footprint.
• Newmark Group: Commercial real estate advisory and services firm offering valuation and appraisal services alongside capital markets and leasing. Targets the same lender, investor, and institutional client base as FRG.

Direct peers

• American Appraisal: Long-established U.S. commercial real estate and business valuation firm offering appraisal and consulting services. Comparable as a specialty appraisal firm serving financial institutions and government entities.
• Valbridge Property Advisors: National network of MAI-designated commercial real estate appraisal and consulting firms organized under a shared brand. Directly comparable as a specialty appraisal firm serving lenders, government agencies, and investors with similar valuation, market study, and consulting services.
• Integra Realty Resources: One of the largest U.S. commercial real estate valuation and advisory firms with a nationwide appraiser network. Directly competes for the same government, lender, and institutional appraisal panel work that FRG targets.

Others

• Appraisal Institute: Not a competitor but the professional body that grants MAI designations and Yellow Book / USPAP compliance frameworks that FRG relies on for credibility, training, and access to government work.

Emerging players

• Bowery Valuation: Tech-enabled commercial real estate appraisal firm combining credentialed appraisers with proprietary technology. Represents an emerging competitive threat on technology-driven turnaround time — a metric FRG also markets heavily.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/frg_ohio
• LinkedInlinkedin.com/company/feasibility-research-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FRG Real Estate Services