# Land Broker Opinion of Value Template (Markdown)

Free Land Broker Opinion of Value structure from IntellCRE (intellcre.com/models/land-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 acre:** [ ]
- **Price per buildable SF:** [ ]
- **Zoning:** [ ]
- **Entitlement status:** [ ]
- **Utilities to site:** [ ]
- **Site size (acres):** [ ]

## 2. Property Overview and Photos

- **Site size (acres) and parcel numbers:** [ ]
- **Current zoning and permitted uses:** [ ]
- **Entitlement status:** [ ]
- **Access and frontage:** [ ]
- **Utilities (water, sewer, power, gas) and distance:** [ ]
- **Topography, flood zone and wetlands:** [ ]

## 3. Zoning and Entitlements

- **Item:** [ ]
- **Status:** [ ]
- **Authority:** [ ]
- **Date:** [ ]
- **Expiration:** [ ]
- **Notes:** [ ]

## 4. Sale Comps Summary and Detailed

- **Columns:** Acres, Zoning, Entitlement status, Sale price, Price per acre, Price per buildable SF, Sale date

## 5. Rent Comps Summary

- **Columns:** Property, Acres, Lease type, Annual ground rent, Term, Escalations

## 6. Income and Expenses

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

## 7. Valuation Approach and Reconciliation

- **Method:** Comparable land sales adjusted for entitlement status, utilities and topography, cross-checked with a residual analysis; price per acre and per buildable SF are reported side by side.
- **Weights and range:** [ ]

## 8. Market Overview

- **Recent land sales nearby:** [Value; source and date]
- **Planned infrastructure:** [Value; source and date]
- **Permit activity:** [Value; source and date]
- **Population growth:** [Value; source and date]
- **Comparable zoning allowances:** [Value; source and date]
- **Absorption of finished lots or buildings:** [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 land mistake: calling land entitled when only zoned.
- Avoid this land mistake: quoting price per acre without buildable sf.
- Avoid this land mistake: omitting offsite utility costs.
- Avoid this land mistake: showing density that no approval supports.
- 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].