The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Apr. 08, 2025
Filed:
Jan. 12, 2023
Jones Lang Lasalle Ip, Inc., Chicago, IL (US);
Pradnya Nimkar, Newark, CA (US);
Utkarsh Porwal, Santa Clara, CA (US);
Gurdit Chahal, Elk Grove, CA (US);
JONES LANG LASALLE IP, INC., Chicago, IL (US);
Abstract
Methods, non-transitory computer readable media, and property analysis server devices are disclosed that generate a feature dataset including property and metric data for properties includes an address and an actual lease value. A machine learning model (MLM) trained on the feature dataset is selected from different types of MLMs. A determination is made that the selected MLM exceeds an accuracy threshold based on a cross-validation using predicted lease values. The property data is stored in a lease benchmarking database with the addresses replaced in with corresponding geographic coordinates and geohash values. The properties are associated in the lease benchmarking database with the predicted lease values. One of the predicted lease values is returned in response to a received lease pricing request that includes an address. The returned predicted lease value is identified in the lease benchmarking database based on a geographic proximity of the address to one of the properties.