Commercial Broker Price Opinion aka BPO – Clients have a better understanding of risk when they know the true value of their asset. We at Capital Retail Group have seen an increase in BPO requests from both owners and financial institutions by more than 20% over 2009 levels. Capital Retail Group was hired this week to perform a BPO for a commercial property located on 11th street NW in Washington DC.
The subject property is described in detail indicating all the relevant features about the property such as type of structure, roof, parking type, number of parking spaces, leasable area, gross building area, lot area, and landscaping.
We present the latest demographics, maps, pictures of the subject, leasing activity, and the area sales comparables defined between .05 and 10 miles depending on the density of the subject property.
Lastly we crunch the numbers and do a CAP and sales comparable approach to arrive with a range of value.We summarize with a short description of the price opinion of the property with the magic number in bold.