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Broker Opinion of Value

CHICAGOLAND-COMMERCIAL-REAL-ESTATE-BROKER-PROPERTY-MANAGEMENT-SERVICES
Our Brokers Understand The Market

A Broker Opinion of Value (BOV) is an educated opinion of the current likely market valuation of a commercial real estate asset while taking into consideration many unique factors including: land size, existing improvements, location, existing income, existing and future expenses, stability of income, physical condition of the property, deferred capital improvements,prevailing market cap rates and many other factors present in the current marketplace. Our licensed commercial real estate brokers will then analyze the results for a given asset and measure them to their relationship with current market trends of supply & demand in both the leasing and sales market of a given asset class to determine a likely market sales price today.

WHY UTILIZE A BROKER OPINION OF VALUE (BOV)?

  • General Valuation to buy or sell a property
  • Distressed sales evaluation
  • Note Purchase or REO acquisitions
  • Valuation of Real Estate in order to facilitate a partner’s or investor’s separation
  • Business Sales -To Determine the valuation of the Real Estate apart from the business
  • Determining property value for tax purposes or estate planning
  • Less Expensive than a traditional appraisal
  • Our Brokers have access to accurate, relevant & timely information
  • Our Brokers are experienced and active in the market
  • WHAT INFORMATION IS INCLUDED IN A (BOV)?


    A Broker Opinion Of Value (BOV) generally includes the following:
    • Description of property’s physical characteristics
    • Historical & current market data
    • Property photographs
    • Sales comparables (recently sold properties)
    • Comparable properties currently for sale
    • Comparable properties currently for lease
    • If a user building- Effective Cost Of Occupancy Evaluation
    • Detailed Summary Conclusion (BOV) of current market valuation

    WHY UTILIZE CHICAGOLAND COMMERCIAL REAL ESTATE FOR A (BOV)?

    Since 2002, Chicagoland Commercial Real Estate, Inc. has a proven track record of successfully valuing & selling Chicago area office buildings, warehouse buildings, medical buildings & retail centers in the Chicagoland area. Our experienced brokers have the ability to understand the dynamics and variables present in the ever changing world of commercial real estate sales. We use this valuable insight to advise our clients of trends in the marketplace in order to create opportunity to formulate accurate valuations. We create value for our clients by offering relevant insight & experience. Since inception, CCRE has been entrusted with exclusive representation of over 9,000,000 square feet of commercial space. Our highly skilled team has successfully completed over 6,500 lease transactions and we have sold over $500,000,000 in aggregate property sales.

    Contact Us Today to Discuss Pricing & Details of a Chicago Broker Opinion of Value (BOV)

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