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Commercial BPO's
Commercial BPO's are getting more popular nowadays. Owners and Banks are in need to have a good idea of the value of their properties on the spot. I have prepared several for owners and financial institutions and I would like to share the Table of Contents any BPO's must have:
 
 The summary should be the short description of the price opinion of the study performed with the magic number in bold.
You should also write an introduction or background of the company/broker performing the BPO.
The subject property must be 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, landscaping, etc. also this section must include at least one good picture of the property.
You should also present the demographics including the Retail/office snap shot.
Before performing the BPO analysis itself you must present the leasing activity and the sales comparables in the area which should be defined between 5 and 10 miles depending on the demographics.
 
Puting it all together: Once you have all of the above you just have to crunch the numbers and do a CAP ... more

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