Do you need a broker price opinion form template for a commercial property? The PropertyMetrics team has created several helpful resources for commercial real estate professionals. Please feel free to download and use the following broker price opinion form:
A broker price opinion (BPO) is a report prepared by a commercial real estate broker that provides an estimate of the value of a property. It is used by lenders, investors, and property owners to make informed decisions about a property’s value. A well-organized and accurate BPO is essential for understanding the market value of a property and making informed investment decisions.
Our broker price opinion template is designed to be comprehensive and user-friendly. It includes a set of sections that provide a detailed view of the market value of a property.
Sections Included in the Broker Price Opinion Template
The broker price opinion template includes the following sections:
- Your Logo
- Photos of the Property
- Location Information
- Description of the Site
- Market Overview and Trends
- Demographics Summary and Traffic Count
- Comparable Properties
- Competing Vacancies
- Range of Market Value
- Broker Marketing Strategy
- Summary of Opinion of Value
Your Logo
The logo section provides a space for your company logo. This section is useful for branding and professional presentation of the BPO.
Photos of the Property
The photos of the property section provides space for images of the property. This section is critical for providing a visual representation of the property and for making informed investment decisions.
Location Information
The location information section provides information on the location of the property, including the address, city, state, and zip code. This section is critical for understanding the location of the property and for making informed investment decisions.
Description of the Site
The description of the site section provides a description of the property, including information on the site, building, and improvements. This section is critical for understanding the physical characteristics of the property and for making informed investment decisions.
Market Overview and Trends
The market overview and trends section provides an overview of the local real estate market and any relevant trends. This section is critical for understanding the local real estate market and for making informed investment decisions.
Demographics Summary and Traffic Count
The demographics summary and traffic count section provides information on the demographic characteristics of the local area and the traffic count near the property. This section is critical for understanding the local market and for making informed investment decisions.
Comparable Properties
The comparable properties section provides information on properties similar to the subject property, including their location, size, and market value. This section is critical for determining the market value of the subject property and for making informed investment decisions.
Competing Vacancies
The competing vacancies section provides information on vacant properties in the local area that compete with the subject property. This section is critical for understanding the local real estate market and for making informed investment decisions.
Range of Market Value
The range of market value section provides a range of market value for the subject property based on the comparable properties and the local real estate market. This section is critical for determining the market value of the subject property and for making informed investment decisions.
Broker Marketing Strategy
The broker marketing strategy section provides information on the marketing strategy for the subject property. This section is critical for understanding the marketing plan for the property and for making informed investment decisions.
Summary of Opinion of Value
The summary of opinion of value section provides a summary of the broker’s opinion of value for the subject property. This section is critical for understanding the broker’s estimate of the market value of the property and for making informed investment decisions.
Conclusion
A broker price opinion is a critical document for commercial real estate professionals. Our broker price opinion template provides a comprehensive and user-friendly solution for estimating the market value of a property. With its detailed sections, formulas, and calculations, this template makes it easier to understand the market value of a property and make informed investment decisions.