Operation and Maintenance (O&M) is an important part of efficient property management by ensuring the safety, health, habitability, sustainability, and operability of property, while enhancing property value, return on investment and quality living of property. Evaluating the status of real-time condition of property throughout the life cycle will support well organized and regulated O&M, enhanced property value, and accurate property valuation. Recent industrial revolution has led to an ongoing shift requiring new procedures to be devised such as smart and automated maintenance of property, which helps to anticipate real-time condition of the property. This research explores how adoption of a predictive approach to property O&M could provide the means to avoid the actual failure and timely solution for effective and sustainable property management by considering real-time condition of property, thereby adding overall effectiveness to property value. For this research, review of relevant research article and questionnaire survey was carried out to understand the factors affecting predictive maintenance and how they can be apprehended to efficiently enhance sustainability and values in the context of property management. The research will be summarized demonstrating that the adoption of predictive maintenance approach during O&M stage strongly enhance property management and their commitments to sustainability with an enhanced property value by an average of 5–6% when compared with conventional maintenance approach of facilities in a property.