Commercial value is driven by income quality, lease risk, and real market behavior, not generic averages. Our Broker Opinion of Value pairs verified comps with RACVantage’s commercial expertise to deliver a defensible value range and clear next-step recommendations for pricing, timing, and execution.
Why a Broker Opinion of Value Matters
Pricing Clarity
A Broker Opinion of Value establishes a realistic pricing range based on verified comparable sales, current market conditions, and asset specific factors. This clarity helps owners avoid underpricing that leaves value on the table or overpricing that stalls momentum and weakens negotiating leverage.
Informed Capital Decisions
A well supported BOV provides the insight needed to evaluate whether selling, refinancing, or holding is the right move. By understanding how income quality, lease risk, and market behavior affect value, owners can align capital decisions with timing, return objectives, and long term strategy.
Stronger Negotiating Position
A defensible opinion of value equips owners with data and rationale that stand up to buyer and lender scrutiny. This strengthens positioning in negotiations, supports underwriting discussions, and reduces uncertainty during transactions, refinancing, or partnership reviews.
What is a Broker Opinion of Value (BOV)
A Broker Opinion of Value (BOV) is a professional estimate of a commercial property’s market value prepared by a commercial brokerage. It reflects comparable market activity, current conditions, and asset specific factors that influence pricing. Unlike an appraisal, a BOV is valuation advisory rather than a formal valuation, making it a practical tool for pricing, refinance planning, and strategic decision making.
When a BOV is The Right First Step
- Preparing to sell and validating pricing
- Refinance preparation and lender discussions
- Partnership buyout or internal valuation
- Hold versus sell decision-making
- 1031 replacement screening and acquisition planning
What Drives Value?
Our conclusions are based on real market behavior and property-specific underwriting, not generic averages.
Market Trends
Supply and demand trends, leasing velocity, and buyer depth within the relevant submarket.
Comparable Sales
Closed sales and active listings, with adjustments that reflect true comparability and pricing pressure.
Income & Lease Risk
Rent roll quality, lease term, tenant strength, and how income durability influences value.
Expense Profile
Operating efficiency, recoveries, and expense behavior that affect net income and pricing.
Property Condition
Condition, layout efficiency, loading, parking, and features that impact functionality and demand.
Location & Access
Micro location attributes that affect rents, absorption, and buyer underwriting assumptions.
Frequently Asked Questions
Is a Broker Opinion of Value the same as an appraisal?
No. A BOV is valuation advisory prepared by a commercial brokerage. It is not an appraisal and should not be represented as one. A BOV is designed to support pricing, refinance planning, and strategic decisions using real market context.
Who typically requests a BOV?
BOVs are most commonly requested by property owners and sellers. Buyers also rely on BOV-level analysis to validate pricing, evaluate risk, and support negotiation strategy.
When should I request a BOV?
A BOV is most useful before selling, refinancing, considering a hold versus sell decision, or planning a 1031 exchange. It helps establish a realistic value range before committing to a transaction.
What information is required to prepare a BOV?
At minimum, the property address and asset type. Rent roll, operating statements, and lease details improve accuracy, but we can begin with limited information and refine as data becomes available.
How long does a BOV take?
Timing depends on asset complexity and data availability. An advisor will confirm scope and expected turnaround after reviewing your request.
Can a BOV be used for lender discussions?
Yes. While not a substitute for an appraisal, a BOV is often used to frame refinance discussions and support preliminary lender conversations.
Request a Broker Opinion of Value
Share the property address and your objective. A RACVantage advisor will review your request, confirm scope and timing, and outline the next steps toward a defensible value conclusion.