Commercial BPO's

By
Commercial Real Estate Agent with INTERNATIONAL COMMERCIAL ASSOCIATES BK3039202

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:

BPO Table of Contents

1. SUMMARY

2. INTRODUCTION

3. SUBJECT PROPERTY

4. DEMOGRAPHICS

5. LEASING ACTIVITY

6. COMPARABLES

7. BROKER PRICE OPINION

EXHIBIT "A" Demographics

EXHIBIT "B" Leasing Activity

EXHIBIT "C" Leasing Adjustments

EXHIBIT "D" Comparables

EXHIBIT "E" Pictures and Maps

 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 approach and a sales comparable approach and come out with a range of value.

It is important to prepare maps and good pictures of the property and surroundings.

 

 

I hope this would be of some help for my fellow colleagues.

 

Thanks,

 

JM Padron, CCIM

 

Posted by

International Associates Group covering South Florida and Latin America, with offices in Mexico City, Tijuana, Monterrey, Guadalajara, Queretaro, Bogota, Santiago, Buenos Aires, Lima, Quito y Guayaquil.

A full service Commercial Brokerage Firm with mre than 200 commeril certified brokers, holding the most prestigious certifications, CCP, CCIM

Contact our president at jpadron@remax.net, or 954-868-5863

 

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Anonymous
Gerry Pagano

Hi Can you tell what company you doing Commercial BPO for?

Sep 12, 2010 02:15 AM #1
Rainmaker
568,299
JM Padron, CCIM, MRICS
INTERNATIONAL COMMERCIAL ASSOCIATES - McAllen, TX
CCIM, MRICS, Serving South Florida

Gerry,

 

We do commercial BPO's for Owners who want to do tax appeals and for Financial Institutions.

Thanks

Sep 12, 2010 02:40 AM #2
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Rainmaker
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JM Padron, CCIM, MRICS

CCIM, MRICS, Serving South Florida
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