What is a Broker Opinion of Value (BOV)?

A Broker Opinion of Value (BOV) is a professional estimate of a property’s probable market value based on current market conditions, comparable sales, comparable lease activity, income characteristics, property condition, buyer demand, and the broker’s experience within the marketplace.

Unlike a formal appraisal, a BOV is intended to assist owners in making informed business decisions regarding pricing strategy, potential disposition, refinancing discussions, investment planning, estate considerations, or evaluating future opportunities.

A well-prepared Broker Opinion of Value is not simply an estimate—it is an informed market perspective supported by available evidence and professional judgment.