Whitepaper
Turning QMI Data Into Actionable Land Insights
PDF
Landchecks leverages Quick Move-In (QMI) home inventory as a real-time indicator of how builders are currently pricing and underwriting residential product. By converting residual land value indications into lot-level economics, users evaluate implied lot pricing by product type.
"The methodology is intentionally transparent and repeatable, allowing users to understand each step of the process and apply professional judgment where appropriate."
Whitepaper
National Pulse Check: Single-Tenant QSR Real Estate
PDF
Single-tenant Quick Serve Restaurant (QSR) real estate continues to prove itself as one of the most resilient asset classes. After analyzing 96 active QSR listings across 26 states, a clear picture emerges of disciplined pricing and modest yield compression.
At a national level, the clustering of cap rates around 5.33% signals strong buyer confidence despite broader economic noise. Site quality remains paramount—corner locations command tighter cap rates due to enhanced ingress/egress and visibility.
Geographic Consistency
Whether in primary growth states or secondary markets, QSR assets are being underwritten with remarkably similar expectations. This speaks to the maturity of the asset class and drive-through demand fundamentals.
Well-located QSR real estate remains a preferred parking place for both private and institutional investors, rewarding clarity, durability, and simplicity in site selection.
Market Snapshot
Top 5 Single Tenant Listing Brokers in the US
PDF
We've examined 1,647 listings totaling $6.32 billion. The leading five brokers accounted for 781 listings worth an aggregate $3.15 billion, boasting an average asking price of $2.4 million and a cap rate of 6.2%.
Volume Leader
Marcus & Millichap leads with 257 listings ($1.01 billion), suggesting a broad national footprint.
Premium Focus
Cushman & Wakefield excels in higher-value deals with an average asking price of $4.75 million.
Builder Intelligence
Lennar Homes: Q1 2026 QMI Inventory Analysis
PDF
Surveying 4,522 QMI homes across 8 states, Lennar's data highlights a strategic shift toward compact lots (avg 45' FF) to enhance density. Florida remains a powerhouse with 1,193 homes tracked at an average price of $474,417.
State Allocation Summary (Rural/Infill)
Aggregate Data
State-Level Q1 2026 New Home (QMI) Analysis
PDF
Analysis of 80,000+ listings reveals Texas as the volume champion (55.8% supply), while Florida reflects high demand with 19.2% concentration. 50-foot frontage remains the national benchmark for production housing.
Nevada commands the highest price points (~$724k) and cost efficiency (~$300/SF), suggesting constrained supply relative to inflow.
Valuation Model
Corner vs. Non-Corner Retail Paired Analysis
PDF
Based on 897 single-tenant retail listings, corner sites command a measurable price premium of 22% and approximately 18% higher NOI expectations.
Methodology
Why Normalized Single-Tenant QSR Data Matters
PDF
Traditional listings often suffer from unstructured data. We explore how vetting site attributes—like corner sites and building configuration—enables a smarter analytical framework for net-lease investors.