magicplan
magicplan is a mobile scanning application that uses augmented reality to create professional floor plans, field reports, and structured cost estimates for restoration and remodeling projects.
Yardi Matrix
Yardi Matrix is a comprehensive commercial real estate data platform providing detailed property-level insights, market trends, and competitive analysis to help you make informed investment and underwriting decisions.
Quick Comparison
| Feature | magicplan | Yardi Matrix |
|---|---|---|
| Website | magicplan.app | yardimatrix.com |
| Pricing Model | Freemium | Custom |
| Starting Price | Free | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✓ Has free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2011 | 1984 |
| Headquarters | Munich, Germany | Santa Barbara, USA |
Overview
magicplan
magicplan is a mobile-first solution designed to help you capture interior spaces instantly using your smartphone or tablet. By leveraging augmented reality and AI, you can create accurate 2D and 3D floor plans simply by walking through a room and pointing your camera at the corners. It eliminates the need for manual measurements and paper sketches, allowing you to generate professional documentation while still on-site.
You can use the platform to create detailed field reports, add photos and markups, and generate automated cost estimates for materials and labor. It is specifically built for professionals in restoration, remodeling, and facility management who need to bridge the gap between the physical job site and the office. Whether you are a solo contractor or part of a large restoration crew, you can sync your data to the cloud and share it with stakeholders immediately.
Yardi Matrix
Yardi Matrix provides you with deep-dive market intelligence across multiple commercial real estate sectors, including multifamily, office, industrial, and self-storage. You can access granular, property-level data that covers everything from ownership details and lien information to current rent rolls and occupancy history. This allows you to evaluate potential acquisitions or monitor your existing portfolio against real-time market benchmarks with high precision.
The platform helps you stay ahead of market shifts by tracking new supply pipelines and construction starts in your specific regions. Whether you are an investor, lender, or property manager, you can use these insights to refine your underwriting processes and identify emerging opportunities before your competitors. It functions as a centralized source of truth for market participants who need verified, researched data rather than simple aggregated estimates.
Overview
magicplan Features
- AR Room Scanning Capture room dimensions and create floor plans in seconds by simply pointing your camera at corners and openings.
- Laser Meter Integration Connect your Bluetooth laser distance meter to achieve sub-inch accuracy and automatically update your digital floor plans.
- 3D Model Visualization Transform your 2D sketches into interactive 3D models to better communicate project scope with your clients and team.
- Automated Estimating Calculate material requirements and labor costs automatically based on the dimensions of the rooms you have scanned.
- Custom Forms and Reports Create structured field reports with photos, annotations, and custom forms to ensure consistent data collection across every job.
- Object Library Drag and drop over 1,000 items like furniture, electrical outlets, and plumbing fixtures to create detailed interior layouts.
Yardi Matrix Features
- Property-Level Research. Access detailed reports on individual assets including true ownership, management history, and current financial status.
- Market Trend Analysis. Monitor rent growth, occupancy fluctuations, and economic drivers across various asset classes in your target markets.
- Supply Pipeline Tracking. View upcoming construction projects from the planning stage to completion to understand future competitive threats.
- Sales & Loan Data. Review historical sales transactions and existing loan terms to better inform your valuation and debt strategies.
- Custom Reporting. Generate tailored data exports and visual reports that align with your specific investment criteria and internal presentations.
- Competitive Benchmarking. Compare your portfolio's performance directly against local competitors to identify areas for operational improvement.
Pricing Comparison
magicplan Pricing
- Up to 2 projects
- Full access to mobile app
- AR room scanning
- Laser meter integration
- Cloud synchronization
- Everything in Free, plus:
- Unlimited projects
- Professional exports (PDF, JPG, PNG, SVG)
- 2D and 3D visualization
- Measurement tools
- Team collaboration features
Yardi Matrix Pricing
Pros & Cons
magicplan
Pros
- Extremely fast room scanning using augmented reality
- Seamless integration with popular Bluetooth laser meters
- Professional PDF exports that impress potential clients
- Easy to learn with minimal technical training
- Works offline for remote job site locations
Cons
- AR scanning requires modern device hardware
- Learning curve for complex multi-level structures
- Subscription is required for most export formats
Yardi Matrix
Pros
- Highly accurate property-level data verified by researchers
- Excellent coverage of the multifamily and self-storage sectors
- Detailed tracking of new construction and supply pipelines
- Intuitive interface for generating complex market reports
Cons
- Pricing is high for individual or small-scale investors
- Requires a learning curve to master advanced filtering
- Data updates can vary in frequency by secondary market