# Broker Opinion of Value Template (Markdown)

Free Broker Opinion of Value structure from IntellCRE (intellcre.com/models/broker-opinion-of-value-model/). Anything in [square brackets] is a placeholder to replace with your own facts. Nothing here is real property data.

How to use: paste this into Claude, ChatGPT, Gemini or any assistant together with your deal facts, or fill it in by hand and paste it into your own document.

Skip the typing: IntellCRE builds this from your deal documents. Try it, free to start: https://app.intellcre.com/register

---

## 1. Intro

- **Cover Page:** [Document title: Broker Opinion of Value]; [Property name]; [Address]; [Effective date]
- **Presented By:** [Brokerage name, logo, contact details]; [Confidentiality and disclaimer: insert counsel-approved language]

## 2. Opinion of Value

- **Executive Summary: Price Estimate:** [Concluded value]; [Low]; [High]; value per unit; value per SF; implied cap rate; stabilized NOI; income approach value; sales comparison value; effective date; not-an-appraisal statement
- **Property Overview:** [Description of the property, site, building, condition, amenities, recent improvements]
- **Photos:** [Photo list with captions]

## 3. Sale Comparables

- **Sale Comps Summary:** Columns: Built/Renovated, Units, Sale price, Price per unit, Rentable area, Price per area, Avg area, Cap rate, Gross rent multiplier, Percentage difference; an Averages row and a Subject row
- **Sale Comps Detailed:** Per comp: Built/Renovated, Units, Rentable area, Price per area, Price per unit, Sale price, Sale date, Lot size, Cap rate, Gross rent multiplier, Unit type; any adjustments supplied; one-sentence takeaway on how the subject compares

## 4. Rent Comparables

- **Rent Comps Summary:** [Rent comps next to the subject: property, built, unit type, average SF, rent, rent per SF]

## 5. Financials

- **Income and Expenses:** [Current and proforma income and expense lines down to NOI, source and period]

## 6. Market Overview

- **City Overview:** [City description with source]
- **Demographics:** [Population, households, income, age; source and date]

---

## Drafting rules

- Follow the page order below exactly. Skip a page only if the user has no data for it, and say which pages you skipped.
- Use only facts the user supplied. Never invent property data, comps, adjustments, statistics or quotes.
- If a fact is missing, write [TBD: what is needed] in its place.
- Income approach: value = stabilized NOI divided by the cap rate the user supplies. Show the arithmetic. Do not choose a cap rate for the user; if none is given, ask.
- Sales comparison: apply only the adjustments the user supplies. Transactional adjustments (property rights, financing, conditions of sale, market conditions) apply in sequence, each on the running price; property adjustments (location, size, age and condition, quality) are additive on the time-adjusted price. If no adjustments are supplied, show unadjusted price per unit or per SF and say so.
- State a concluded value with a low and high range, and the weighting of each approach as the user gave it. Report the implied cap rate at the concluded value next to the cap rate used in the income approach, and flag a material gap.
- Every market statistic needs its source and date as given by the user; otherwise mark it [TBD: source and date].
- State on the summary page that a broker opinion of value is not an appraisal and is not a substitute for one where an appraisal is required.
- Write in plain, factual US English. Avoid unsupported superlatives.
- Leave confidentiality and disclaimer text as [Insert the brokerage's counsel-approved language]. Do not write legal text.