A BOV - Broker Opinion of Value - is an educated "best estimate" as to a commercial property's current market value based upon an analysis of market and property conditions. In performing a BOV, the agent will visit your property, collect pertinent information and details -- such as income, expenses, physical condition, deferred maintenance, tax, zoning, and environmental data. Additionally, the
agent will consider local, and when necessary regional, market conditions such as economic climate, job growth, transportation, shopping, population growth, etc.

After collecting and analyzing this data, in addition to recent comparable sales, to the extent publicly available, James Cropsey will draw upon his experience since 1984, his Honors degree in Economics and his Masters degree in Finance and International Business to provide you with a BOV. The cost of the BOV is dependent on the resources required to properly estimate the value.

This process is undertaken either when an owner is seriously considering the possibility of selling or leasing a property or when an owner requires an estimate of value and does not desire to dedicate the time or outlay the funds to await or pay for a formal appraisal.

NOTE: A BOV is not an appraisal and should not be confused as one. Although James Cropsey had at one time been a licensed appraiser, he is not now. No representation is made or implied that a
property actually will achieve a sale or lease amount equal to the BOV. Information is always incomplete, imprecise, or imperfect and market conditions may swiftly change without notice.

When expansion requires new locations, James Cropsey is available to assist in the process. Finding the right location may be the single most important decision made in expanding your markets. James Cropsey has assisted in the site selection process since 1984. He has worked with clients in the automotive, hardware, and other retail businesses as well as theatre and exhibition industry and resort and hotel businesses.

Many factors are involved in selecting a site: the local and regional economic climate, defining the market area, the skill set of the available workforce, potential partners (and competitors) in the market area, not to mention local regulations, local and statewide taxation and incentive possibilities. Hiring a site selection consultant allows a business to gain certainty and subject matter expertise. The benefit of hiring a site selection consultant outweigh the costs, which are dependent upon the menu of services selected.