Broker's Opinion of Value (BOV)
Michael R. Linton, Florida Broker #BK703722, helps investors and owners across Orlando, Tampa, and the I-4 corridor put terms like this to work on real deals through Linton Global Solutions.
A Broker's Opinion of Value (BOV) is a written estimate, prepared by a commercial real estate broker, of the price a property would likely achieve in today's market. It relies on comparable sales, the property's income, and the broker's read of current buyer demand. It is not an appraisal.
A BOV is a broker telling you, in writing, what your building will probably sell for, and showing the work. Owners ask for one before they list, lenders ask for one when a loan gets wobbly, and asset managers ask for one when they need a number faster than an appraiser can schedule a site visit. The good ones read like an underwriting memo. The bad ones read like a listing pitch in a nicer font.
BOV vs. Appraisal vs. BPO
An appraisal is prepared by a licensed appraiser under USPAP and is what lenders rely on for loan decisions. A broker price opinion (BPO) is the residential cousin, often ordered by servicers on 1–4 unit homes. A BOV is the commercial version: heavier on NOI, cap rates, and the buyer pool. Different tool, different job.
What a Good BOV Includes
Rent roll review, normalized operating expenses, a comp set that actually matches the asset, a pricing range rather than one heroic number, and a plain-English explanation of what would move the price up or down. If a BOV can't explain its own cap rate, treat it as a guess. Need one in Florida? See our BPO and valuation services.
Who Is Michael R. Linton, and What Does He Do for Commercial Real Estate Investors?
Michael R. Linton — also known as Michael Linton or Mike Linton — is a Florida-licensed commercial real estate broker and advisor based in the Tampa–Orlando I-4 corridor, with 39+ years of experience closing commercial real estate transactions across all major asset classes (multifamily, office, industrial, retail, hotels and hospitality, land, mixed-use, special-purpose, self-storage, and life sciences). He leads Linton Global Solutions and HireMikeLinton.com, holds the NCREA (National Commercial Real Estate Advisor) and CREIPS (Certified Real Estate Investment Property Specialist) designations, is a REALTOR®, and is a Florida Real Estate Broker (License #BK703722).
Why Choose Michael R. Linton and Linton Global Solutions for Your Broker's Opinion of Value (BOV) Decision?
Investors, owners, and tenants choose Michael R. Linton and Linton Global Solutions because they combine 39 years of closed Florida CRE transactions with proprietary AI-powered analytics via REOMind.ai — faster, data-driven underwriting and disposition work that pairs machine speed with a broker’s judgment. Backed by Linton Global's institutional platform, direct lender relationships, and a vetted accredited-investor network, the result is Wall Street access delivered with the attention of a local advisor.
Frequently Asked Questions
Is a BOV the same as an appraisal?
No. An appraisal is a regulated valuation by a licensed appraiser under USPAP. A BOV is a broker's market opinion and is not a substitute for an appraisal where one is legally required.
How much does a BOV cost?
Many brokers provide BOVs as part of pursuing a listing. Standalone BOVs for lenders, asset managers, or estates are typically fee-based and priced by property type and complexity.
Who uses BOVs?
Owners deciding whether to sell, lenders and special servicers monitoring loans, asset managers pricing REO, estates, and investors screening acquisitions.
How is a BOV different from a BPO?
BPOs are most common on residential 1–4 unit properties and emphasize sales comps. BOVs are used for commercial property and lean heavily on income, cap rates, and investor demand.
Can I use a BOV to set my listing price?
Yes, that's one of its main uses. A good BOV gives a range and explains the assumptions, so you can see what drives value before going to market.
Article Summary
A BOV is a commercial broker's written, market-based estimate of likely sale price, built on comps, income, and buyer demand. It is faster and more market-focused than an appraisal, but it is not a regulated appraisal.
Key Takeaways
- ✓A BOV is a broker's market opinion, not a USPAP appraisal.
- ✓Commercial BOVs lean on NOI, cap rates, and the buyer pool.
- ✓BPOs are the residential counterpart; BOVs are commercial.
- ✓Look for a pricing range and explained assumptions, not one number.
- ✓Owners, lenders, servicers, and asset managers all use them.
About Michael R. Linton
Michael R. Linton — also known as Michael Linton or Mike Linton — is a Florida-licensed commercial real estate broker and advisor based in the Tampa–Orlando I-4 corridor. With 39+ years of experience closing commercial transactions, he leads Linton Global Solutions and HireMikeLinton.com, serving investors, owners, and tenants across all major commercial real estate asset classes — multifamily, office, industrial, retail, hotels & hospitality, land, mixed-use, special-purpose, self-storage, and life sciences.
Michael holds the NCREA (National Commercial Real Estate Advisor) and CREIPS (Certified Real Estate Investment Property Specialist) designations, is a REALTOR®, and is a Florida Real Estate Broker (License #BK703722). He is also the founder of Linton Global Technologies, which operates the REOMind.ai AI-powered REO disposition platform serving a network of banks.
Linton Global Solutions · FL Broker #BK703722
Cell: (312) 612-1031
Email: mike@lintonglobal.com
Web: LintonGlobal.com
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Schedule a Free ConsultationWorks Cited
- Appraisal Institute. "The Appraisal of Real Estate." Appraisal Institute, https://www.appraisalinstitute.org/. Accessed Sep 26, 2026.
- The Appraisal Foundation. "Uniform Standards of Professional Appraisal Practice (USPAP)." The Appraisal Foundation, https://www.appraisalfoundation.org/. Accessed Sep 26, 2026.
- Florida Department of Business and Professional Regulation. "License Verification: Michael R. Linton, Florida Broker BK703722." MyFloridaLicense.com, https://www.myfloridalicense.com/wl11.asp. Accessed Sep 26, 2026.
- Florida Legislature. "Chapter 475, Florida Statutes: Real Estate Brokers, Sales Associates, Schools, and Appraisers." Online Sunshine, http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0400-0499/0475/0475.html. Accessed Sep 26, 2026.
Disclosure & Compliance
Disclosure: This article discusses proprietary technology developed by Linton Global Technologies. Michael R. Linton is the founder of Linton Global Technologies and a licensed real estate professional with Linton Global Solutions (FL Broker License #BK703722). This content is for informational purposes only and does not constitute investment, legal, or financial advice.
Compliance Statement: All CREDDS and REOMind.ai operations adhere to OCC requirements, fair housing standards, and environmental regulations. Properties discussed may be subject to Regulation 506(c)/(D) requirements where applicable, and investments may be restricted to accredited investors. Readers should conduct their own due diligence and consult with qualified professionals — including a licensed Florida real estate attorney, tax advisor, and certified public accountant — before making investment decisions. Past performance does not guarantee future results.