Open the appPriced for the developer, not the institution.
The industry standard starts at $3,000–$5,000 per seat per year. PencilOut starts at $39 a month. Same defensible answers, none of the analyst-team overhead.
Starter
$39/mo
For the solo developer screening deals.
- ✓1 seat
- ✓3 active projects
- ✓Cited zoning Q&A
- ✓Money-linked deadlines
- ✓Back-of-napkin + feasibility verdict
Team
Most popular$129/mo
For the small shop running deals together.
- ✓Up to 5 seats
- ✓Unlimited projects
- ✓Scenarios + equity-split modeling
- ✓Project packages (RFP / lender)
- ✓Stakeholder CRM + updates
- ✓Excel import / export
Enterprise
Custom
For teams operating across markets.
- ✓Unlimited seats
- ✓Additional metros
- ✓SSO + roles
- ✓Priority support
- ✓Data-room exports
Pricing is indicative and not yet final — PencilOut is in early access and free to try while we build.
Why this matters
The big tools price out the people who build infill.
Argus Enterprise
$3,000–$5,000 / seat / yr
Built for REITs and institutional funds with analyst teams.
PencilOut
$39 / month
Built for the small developer doing 8-to-40-unit projects.