REQ will plot waterfalls no problem.
One can model the theoretical decay times down to about 100Hz pretty easily if you know how it's built (single or double drywall, insulation in cavities, floor is concrete or wood system, etc) , what's in it for furniture, people, windows, doors, etc. While it's not perfect, it can certainly get you to the 95% solution by adding appropriate amounts of absorbant/diffusive materials to the models and see where you stand in relation to the target times - which are determined by what the room will be used for (2 channel, multi-channel, etc.)
Bryan