# Retail Broker Opinion of Value Template (Markdown)

Free Retail Broker Opinion of Value structure from IntellCRE (intellcre.com/models/retail-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:** [ ]
- **Anchor / national tenant share:** [ ]
- **Traffic count:** [ ]

## 2. Property Overview and Photos

- **Gross leasable area (SF):** [ ]
- **Anchor tenants and pad sites:** [ ]
- **Year built / renovated:** [ ]
- **Parking ratio:** [ ]
- **Daily traffic counts (road, source, year):** [ ]
- **Co-tenancy or exclusive clauses (yes / no):** [ ]

## 3. Tenant Mix and Rent Roll

- **Tenant:** [ ]
- **Category:** [ ]
- **SF:** [ ]
- **Rent per SF:** [ ]
- **Reported sales per SF:** [ ]
- **Occupancy cost:** [ ]
- **Lease end:** [ ]

## 4. Sale Comps Summary and Detailed

- **Columns:** GLA (SF), Year built, Sale price, Price per SF, Cap rate, Occupancy at sale, Anchor

## 5. Rent Comps Summary

- **Columns:** Property, Space size, Asking rent per SF, Expense basis, Anchor, Traffic count

## 6. Income and Expenses

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

## 7. Valuation Approach and Reconciliation

- **Method:** Income approach built tenant by tenant, adjusted for credit, anchor dependence and co-tenancy exposure; cross-checked with price per SF for centers of the same format and tenant quality.
- **Weights and range:** [ ]

## 8. Market Overview

- **Retail vacancy:** [Value; source and date]
- **Average asking NNN rent per SF:** [Value; source and date]
- **Population within 1, 3 and 5 miles:** [Value; source and date]
- **Average household income:** [Value; source and date]
- **Daily traffic count:** [Value; source and date]
- **Competing centers nearby:** [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 retail mistake: quoting a traffic count with no source or year.
- Avoid this retail mistake: hiding anchor dependence or co-tenancy clauses.
- Avoid this retail mistake: using asking rent when in-place rent is lower.
- Avoid this retail mistake: ignoring tenant credit and category mix.
- 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].