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Real Estate · head to head

ARGUS Enterprise vs Hemlane

ARGUS Enterprise logo

ARGUS Enterprise

Real Estate

Cash flow forecasting and valuation software for commercial real estate, the industry-standard modelling tool now sold by Altus Group with no published price

From
On request
Rated
-
Full reviewWebsite
Hemlane logo

Hemlane

Real Estate

Software plus a network of local agents, aimed at landlords who do not live near their rentals

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: ARGUS Enterprise pricing is entirely unpublished and quoted per user, making it hard to budget for a growing team without an ongoing sales relationship with Altus Group.; Hemlane the local agent network is the reason to buy the top tier and its coverage is uneven, so a property in a smaller market may be served by an agent with little capacity or none at all; verify the specific market before signing.
  • They diverge on capability: ARGUS Enterprise covers DCF valuation, Hemlane covers Local agent network.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which ARGUS Enterprise and Hemlane actually diverge.

Attributes where ARGUS Enterprise and Hemlane differ
AttributeARGUS EnterpriseHemlane
Pricing modelquotePer property per month plus a per unit charge
PlatformsWindows, WebWeb, iOS, Android

Identical on both: starting price (On request), free tier (No), user rating (Not yet rated), category (Real Estate).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in ARGUS Enterprise

  • DCF valuation
  • Traditional capitalisation methods
  • Lease-by-lease analysis
  • Portfolio budgeting
  • ARGUS Intelligence
  • ARGUS file interoperability

Only in Hemlane

  • Local agent network
  • Repair coordination
  • Rent collection
  • Listing syndication and leasing
  • Lease documents
  • Per property plus per unit pricing

What people use each for

The jobs each tool is most often brought in to do.

ARGUS Enterprise

  • An institutional investor needing DCF valuations in the ARGUS file format lenders and counterparties expectnot Hemlane
  • An appraiser producing defensible, industry-standard valuation reports for institutional clientsnot Hemlane
  • A REIT or investment manager running portfolio-wide budget and scenario comparisons across propertiesnot Hemlane
  • A CRE professional pursuing ARGUS Software Certification as a recognised credential for career progressionnot Hemlane

Hemlane

  • A landlord who has moved to another state and needs someone licensed to show the unit and meet contractorsnot ARGUS Enterprise
  • An owner of two or three units who wants leasing handled without paying a full manager a percentage of rentnot ARGUS Enterprise
  • A property that is hard to fill and needs in-person showings rather than self-guided accessnot ARGUS Enterprise
  • Someone who wants to keep control of tenant selection and pricing while outsourcing only the physical worknot ARGUS Enterprise

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

ARGUS Enterprise

  • Pricing is entirely unpublished and quoted per user, making it hard to budget for a growing team without an ongoing sales relationship with Altus Group.
  • Because the ARGUS file format is the institutional standard, firms are effectively locked into the platform to participate fully in institutional deal flow, regardless of whether a cheaper tool would otherwise serve them.
  • The interface and modelling workflow have a steep learning curve, which is precisely why the ARGUS Software Certification exists as a distinct, paid credentialing track.
  • Altus Group also owns Reonomy, a CRE data product, which means a firm buying both ARGUS and Reonomy is concentrating spend with a single vendor across valuation and data.
  • It is a modelling and valuation tool, not a data source; a firm still needs separate market data (CoStar, Reonomy or similar) to populate the assumptions ARGUS models run on.

Hemlane

  • The local agent network is the reason to buy the top tier and its coverage is uneven, so a property in a smaller market may be served by an agent with little capacity or none at all; verify the specific market before signing.
  • Pricing is a base charge per property plus a charge per unit, so a portfolio spread across many small buildings pays far more than one with the same unit count in a single building.
  • The accounting is landlord-oriented with no trust accounting or owner statements, which rules it out entirely for anyone managing property on behalf of other owners.
  • It is built for small portfolios, so the reporting, bulk operations and staff permission model all become limiting above roughly twenty units.
  • Commercial and HOA property are not supported in any meaningful way, so a mixed portfolio needs a second system.

Pricing, plan by plan

ARGUS Enterprise

On request
  • ARGUS Enterprise$undefined/year
    • No published pricing, quote required from Altus Group
    • Licensed per user, typically annual subscription
    • ARGUS Intelligence and certification training priced separately

Hemlane

On request
  • Basic$undefined/month
    • Base charge per property plus a small charge per unit
    • Listing syndication and applications
    • Rent collection
  • Essential$undefined/month
    • Higher base and higher per unit charge
    • 24 hour repair coordination
    • Lease documents and e-signature
  • Complete$undefined/month
    • Highest base and per unit charge
    • Local licensed agent assigned to the property
    • Showings, inspections and on-site coordination

Which should you pick?

Choose ARGUS Enterprise if

  • You need dcf valuation.
  • You work on Windows, Web.
  • You also want traditional capitalisation methods.
ARGUS Enterprise review

Choose Hemlane if

  • You need local agent network.
  • You work on Web, iOS, Android.
  • You also want repair coordination.
Hemlane review

Questions people ask

Is ARGUS Enterprise or Hemlane better?
Neither clearly leads. ARGUS Enterprise starts at On request and Hemlane at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, ARGUS Enterprise or Hemlane?
ARGUS Enterprise starts at On request and Hemlane at On request.
Does ARGUS Enterprise or Hemlane run on more platforms?
ARGUS Enterprise runs on Windows, Web. Hemlane runs on Web, iOS, Android.
What is ARGUS Enterprise best used for?
ARGUS Enterprise is most often used for an institutional investor needing dcf valuations in the argus file format lenders and counterparties expect, an appraiser producing defensible, industry-standard valuation reports for institutional clients, a reit or investment manager running portfolio-wide budget and scenario comparisons across properties, a cre professional pursuing argus software certification as a recognised credential for career progression. Of those, an institutional investor needing dcf valuations in the argus file format lenders and counterparties expect and an appraiser producing defensible, industry-standard valuation reports for institutional clients are not what Hemlane is typically brought in for.
What can ARGUS Enterprise do that Hemlane cannot?
ARGUS Enterprise covers DCF valuation, Traditional capitalisation methods, Lease-by-lease analysis, Portfolio budgeting. Hemlane covers Local agent network, Repair coordination, Rent collection, Listing syndication and leasing.

Answered from the vendors’ own pages

ARGUS Enterprise: Is there a published ARGUS Enterprise price?

No. Altus Group quotes pricing directly, licensed per user on typically an annual basis.

Hemlane: What does the local agent actually do?

On the top tier they show the unit to applicants, meet contractors, and carry out move-in and move-out inspections. They do not select the tenant or set the rent; you keep those decisions.

ARGUS Enterprise: What is ARGUS Software Certification?

A professional credential recognising proficiency in ARGUS Enterprise, reflecting how central the platform is to institutional CRE valuation work.

Hemlane: How does the cost compare with a full-service manager?

A full-service manager typically charges eight to ten per cent of collected rent plus a leasing fee. Hemlane charges a flat amount per property and per unit, which is usually cheaper on a well-performing rental and more expensive on a cheap one.

ARGUS Enterprise: Why is ARGUS considered an industry standard?

Its output file format has become the de facto exchange standard lenders and institutional investors expect when reviewing a commercial property valuation.

Hemlane: Is agent coverage nationwide?

Coverage is broad in large metropolitan areas and patchy elsewhere. Ask Hemlane to name the agent for your specific market before you buy the tier that depends on one.

Hemlane: Can property managers use it?

No. There is no trust accounting and no owner statement capability, so it is for owners managing their own property.

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