# Industrial Broker Opinion of Value Template (Markdown)

Free Industrial Broker Opinion of Value structure from IntellCRE (intellcre.com/models/industrial-broker-opinion-of-value-template/). 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

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## 1. Executive Summary: Price Estimate

- **Concluded value, low, high, effective date:** [ ]
- **Price per SF:** [ ]
- **In-place cap rate:** [ ]
- **Occupancy:** [ ]
- **WALT:** [ ]
- **In-place vs market rent (NNN):** [ ]
- **Clear height:** [ ]

## 2. Property Overview and Photos

- **Building area (SF):** [ ]
- **Clear height:** [ ]
- **Dock-high doors / drive-in doors:** [ ]
- **Column spacing and truck court depth:** [ ]
- **Power (amps / voltage):** [ ]
- **Sprinkler type and trailer parking:** [ ]

## 3. Building Specifications

- **Building / bay:** [ ]
- **SF:** [ ]
- **Clear height:** [ ]
- **Dock doors:** [ ]
- **Drive-ins:** [ ]
- **Office %:** [ ]
- **Power:** [ ]

## 4. Sale Comps Summary and Detailed

- **Columns:** Building SF, Year built, Clear height, Sale price, Price per SF, Cap rate, Occupancy at sale

## 5. Rent Comps Summary

- **Columns:** Property, Size, Clear height, NNN asking rent per SF, Dock doors, Concessions

## 6. Income and Expenses

- **Current and proforma:** [source and period]

## 7. Valuation Approach and Reconciliation

- **Method:** Income approach on NNN rents with a mark-to-market view on expiring leases, cross-checked with price per SF for buildings of similar clear height, dock count and age.
- **Weights and range:** [ ]

## 8. Market Overview

- **Submarket vacancy:** [Value; source and date]
- **Average asking NNN rent per SF:** [Value; source and date]
- **Net absorption (12 mo):** [Value; source and date]
- **Space under construction:** [Value; source and date]
- **Port / rail / interstate access:** [Value; source and date]
- **Rent growth (12 mo):** [Value; source and date]

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## Drafting rules

- Use only facts the user supplied. Never invent property data, tenants, statistics, comps or quotes.
- If a fact is missing, write [TBD: what is needed] in its place.
- Every market statistic needs its source and date as given by the user; otherwise mark it [TBD: source and date].
- Show arithmetic for any figure you derive and flag it as calculated.
- Write in plain, factual US English. Avoid unsupported superlatives.
- Avoid this industrial mistake: leaving out clear height, dock doors or power.
- Avoid this industrial mistake: quoting rent without saying nnn.
- Avoid this industrial mistake: comparing buildings of very different clear height.
- Avoid this industrial mistake: ignoring outdoor storage or truck parking rights.
- Apply only the adjustments and cap rates the user supplies; if none are given, ask.
- State that a BOV is not an appraisal and is not a substitute for one where an appraisal is required.
- Leave confidentiality and disclaimer text as [Insert the brokerage's counsel-approved language].