A Broker Opinion of Value (BOV)—also known as a Broker Price Opinion (BPO)—is a broker-prepared, market-supported opinion of a property’s value. For commercial real estate owners, it’s not just a number—it’s a decision tool that explains why the property is worth what it is and how it may be positioned in today’s market.
A strong BOV combines real market data with broker expertise: recent comparable sales and leases, current supply-and-demand conditions, property-specific factors (location, condition, access, tenancy, and income potential), and the key assumptions that drive value. The result is a clear written summary that supports the value conclusion, without a formal appraisal report.
Owners use BOVs to prepare for a sale, evaluate offers, plan strategy, support internal planning, and approach negotiations with clarity. With a credible value opinion in hand, you reduce the risk of underpricing (or overpricing), improve your negotiating position, and move faster with better information.
Real Estate BOV delivers BOVs nationwide across all commercial property types, with a typical 1–3 business days after we confirm key property details. A BOV is a broker’s opinion and is not an appraisal. When an appraisal is required, we’ll let you know upfront.