Feasibility Research Group Ohio LLC

Feasibility Research Group Ohio LLC, doing business as FRG Valuations, provides property appraisals and rent comparability studies to federal agencies exclusively as a prime contractor, with 100 percent of awards in the SBA 8(a) Program set-aside category. FRG Valuations is a minority-owned, black American-owned, SBA-certified 8(a) small disadvantaged business headquartered in Lyndhurst, Ohio, structured as a for-profit Subchapter S corporation. The vendor's work falls under NAICS 531320 (Offices of Real Estate Appraisers), and it competes predominantly under 8(a) sole-source and total small business set-aside designations.

FRG Valuations delivers nationwide appraisal services for multifamily housing properties and federal real estate portfolio management. Representative work includes a $14,517 8(a) sole-source delivery order from HUD's Office of Multifamily Housing in July 2026 for appraisal of Edmond Estates in Phenix City, Alabama; a $26,130 8(a) sole-source delivery order from HUD in June 2026 for appraisal of The Alexander property in Tucson, Arizona; and a $265,788 8(a) sole-source indefinite-delivery contract awarded by HUD's Office of Multifamily Housing in August 2024 for nationwide appraisal services supporting the Property Disposition Division, which has generated delivery orders for properties across the country including Memphis, Tennessee; Cynthiana, Kentucky; New Orleans, Louisiana; and Plymouth, Minnesota.

Customer concentration is heavily weighted to HUD. The Department of Housing and Urban Development's Office of Multifamily Housing accounts for 34 awards (39 percent of the total) and $4.2 million in combined potential value (49 percent). The top five customers by potential value account for 99 percent of the portfolio. The Department of Energy's National Nuclear Security Administration contributes 4 awards worth $3 million (35 percent of portfolio value) for real estate acquisition services; the Department of Agriculture's Forest Service Eastern Region contributes 3 awards worth $764 thousand; the Department of Agriculture's Rural Housing Service Michigan State Office contributes 3 awards worth $306 thousand; and the General Services Administration's Public Buildings Service Region 5 contributes 2 awards worth $128 thousand. However, by award count, USDA's Rural Housing Service Pennsylvania State Office dominates with 60 awards carrying only $44 thousand combined potential value, indicating high-volume, low-dollar transactional ordering.

FRG Valuations holds a $265,788 indefinite-delivery contract with HUD for nationwide appraisal services (awarded August 2024, expiring August 2027) designated as 8(a) sole-source, which has generated 13 task orders worth $230 thousand. The vendor also holds two $1 million blanket purchase agreements with HUD's Office of Multifamily Housing awarded in December 2024 — one for rent comparability study and property appraisal services across the Midwest region, and one for the same services across the Midwest, Northeast, Southeast, and West regions combined. A $103,250 order against HUD's Rent Comparability Study indefinite-delivery contract 86614119D00006 (6 task orders, $428 thousand combined value) exemplifies ongoing work under HUD rent study vehicles. The largest single vehicle by task-order count is Blanket Purchase Agreement 12242K18A0003, which carries 57 task orders worth only $26 thousand combined potential value, consistent with the high-volume, low-dollar Rural Housing Service pattern. FRG Valuations also holds position on Department of Energy indefinite-delivery contract 89233121DNA000030 for real estate acquisition services (3 task orders, $93 thousand combined value).

Activity declined from 9 awards in 2024 to 8 in 2026 (partial-year count as of early July 2026), suggesting flat to declining recent volume. Within the next twenty-four months, ten awards with combined potential value of $275 thousand face ultimate completion, creating recompete exposure across HUD appraisal vehicles and rent comparability study contracts. The portfolio spans 111 awards totaling $8.5 million in combined potential value across 10 distinct customer agencies, with $1.3 million obligated (15 percent of potential value). All work is performed as prime contractor — the vendor has no subcontract footprint in the source data. Work is performed nationwide, with concentration in HUD-designated multifamily housing properties across diverse geographic regions including the Midwest, Southeast, Northeast, and Western United States.

Real estate appraisal (commercial and residential), capital/physical needs assessments, real estate inspections, field management, vendor management and economic research