# Medical Office Broker Opinion of Value Template (Markdown)

Free Medical Office Broker Opinion of Value structure from IntellCRE (intellcre.com/models/medical-office-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:** [ ]
- **Health system affiliation:** [ ]
- **Tenant improvement investment:** [ ]

## 2. Property Overview and Photos

- **Rentable building area (SF):** [ ]
- **Campus proximity (on / adjacent / off campus):** [ ]
- **Year built / renovated:** [ ]
- **Parking ratio:** [ ]
- **Specialized build-out (imaging, procedure rooms):** [ ]
- **Expense structure:** [ ]

## 3. Tenant Roster by Specialty

- **Tenant / practice:** [ ]
- **Specialty:** [ ]
- **Suite:** [ ]
- **SF:** [ ]
- **Rent per SF:** [ ]
- **Lease end:** [ ]
- **Physician count:** [ ]

## 4. Sale Comps Summary and Detailed

- **Columns:** Building SF, Year built, Sale price, Price per SF, Cap rate, Occupancy at sale, Health system tenant

## 5. Rent Comps Summary

- **Columns:** Property, Campus status, Suite size, Asking rent per SF, Expense basis, TI package

## 6. Income and Expenses

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

## 7. Valuation Approach and Reconciliation

- **Method:** Income approach with tenant-level rollover; premium or discount to general office is supported by campus affiliation, tenant tenure and specialized build-out, not assumed.
- **Weights and range:** [ ]

## 8. Market Overview

- **Submarket medical office vacancy:** [Value; source and date]
- **Average asking rent per SF:** [Value; source and date]
- **Hospital and health system presence:** [Value; source and date]
- **Population age 65 and over:** [Value; source and date]
- **Physician supply:** [Value; source and date]
- **Outpatient care trend:** [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 medical office mistake: treating medical office as general office without support.
- Avoid this medical office mistake: ignoring the cost of specialized build-out on re-lease.
- Avoid this medical office mistake: claiming a health-system affiliation that no document shows.
- Avoid this medical office mistake: skipping a note that leases need healthcare counsel review.
- 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].