What is a Broker Opinion of Value (BOV)?

,A crucial instrument in the field of Commercial Real Estate is the Broker Opinion of Value (BOV). A licensed broker’s professional estimate, or BOV, provides a basic grasp of a commercial property’s market value. While BOV does not replace a formal appraisal, it does assist in making well-informed decisions by examining regional market patterns, similar properties, and distinctive property characteristics. It supports investors in matching plans with market conditions, helps buyers and sellers navigate negotiations, and supports lenders during the loan application process. The BOV acts as a compass in the quickly shifting Commercial Real Estate landscape, enabling stakeholders to make informed decisions in a dynamic market.

Typically, a BOV will analyze prescient market comparables, current income and possible income potential and replacement cost to determine the best estimate of value.

Stark Accelerators Commercial Real Estate can provide a valuation for your property if you are curious of the value or need to provide a professional valuation for your bank, asset manager, tax planner or just to determine the best price to list your property to maximize the sale.

Call us at 775-825-4400 in Reno or 208-722-2400 in Boise to request yours today!