CoStar Realty Database
Awarded Limited / Sole Source Justification Posted
- Solicitation number
- 5000193784
- Agency
-
Internal Revenue Service
Department of the Treasury
- Set-aside
- No set-aside
Opportunity facts
- Contract number
- 2043FY-25-P-00246 Federal contract award
- Awardee
- Costar Realty Information, Inc.
- NAICS code
- 519290 Web Search Portals and All Other Information Services
- PSC
- B507 Special Studies/Analysis- Economic
- Place of performance
- Arlington, Virginia, United States
- Points of contact
Notice details come from SAM.gov. Updated .
About this opportunity
The Internal Revenue Service (IRS) has issued a Limited / Sole Source Justification Notice for acquiring subscriptions to the CoStar Realty database, which provides comprehensive commercial real estate market data and transactions. The database is specifically required by LB&I Appraiser specialists to conduct research and value commercial real estate properties, offering nationwide current and historical market information including ownership records, sales transactions, lease details, and market trends. The justification highlights the critical nature of CoStar Realty Information, Incorporated's database in enabling IRS appraisers to accurately evaluate commercial properties and understand market conditions. The contract (2043FY-25-P-00246) was awarded on May 9, 2025, though the specific vendor and exact contract value were not disclosed in the documentation. Categorized under the NAICS code 519290 for Web Search Portals and All Other Information Services and PSC code B507 for Special Studies/Analysis-Economic, this sole source procurement underscores the unique and essential nature of the CoStar database for the IRS's appraisal functions.
Notice text
The acquisition acquired subscriptions for the nationwide Costar Realty database. The LB&I Appraiser specialists require access to this database with both nationwide current and historical real estate market transactions to perform research to value commercial real estate property. CoStar Realty Information, Incorporated’s database provides comprehensive and up-to-date commercial real estate data, including ownership records, sales transactions, lease information and market trends. The CoStar database allows the IRS Appraisers to properly evaluate commercial properties and understand current market conditions.
Awarded contract 2043FY-25-P-00246 to unknown vendor for unknown amount on 2025-05-09.
Files
| File | Type | Posted |
|---|---|---|
| 6 FAR 13.5 Sole Source (Final)_Redacted.pdf |
Notice history
| Notice | Type | Posted |
|---|---|---|
| This notice | Limited / Sole Source Justification | |
| The CoStar Suite of databases | Special Notice | |
| Database required for real estate market transactions to perform research to value commercial real estate property. | Pre-Solicitation |
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