A Broker Price Opinion (BPO) is an alternative to a formal appraisal, typically used when a faster, more cost-effective option is appropriate. While not an appraisal, a BPO adheres to specific industry standards and format requirements.

Unlike other alternative appraisal providers, the BPOs provided by Atom Levi are designed to be comprehensive and data-supported.

 

A BPO provided by Mr. Levi leverages decades of real estate and appraisal experience and training.

 

Clients have included commercial lenders, property owners, and government agencies.

 

Property Types Covered

BPOs are available for a wide variety of properties, including:

• Residential

• Office

• Retail

• Industrial

• Apartment buildings

• Hotels

• Vacant land and

• Special-purpose properties

 

Geographic Coverage

Service is available throughout most of Northern California, subject to data availability in specific areas.

 

Delivery Time

Standard delivery is 5–7 business days, depending on complexity.

• Rush service is available for an additional fee.

• Delivery timelines are agreed upon at the start of the assignment, and progress updates are provided.

 

Delivery Format

• BPOs are delivered as PDFs via email.

• If the file is too large, it will be sent via FTP server.

• Printed hard copies can be arranged upon request.

• Reports often exceed 50 pages due to the inclusion of published supporting data.

 

About the Provider

All BPOs are completed by Atom Levi, a licensed California Real Estate Broker since 1976. Mr. Levi holds a B.A. in Business Administration from National University (Sacramento) and an A.A. in Real Estate/Business from the College of the Sequoias. He has also successfully passed the California Probate Referee qualifying exam. Download a PDF of Mr. Levi’s qualifications here.

 

BPO Components

Subject Property Analysis

• Exterior photos (street view)

• Interior photos (available with a Commercial Property Inspection Report; additional fee)

• Aerial images (from Google Earth© or similar sources)

• Assessor’s parcel map (if available)

• Property data sheets from public and private sources

• Comments on:

  • Building and site size

  • Materials and condition (based on observation and/or data sources)

  • Immediate surrounding area

Additional Services (extra fee and on-site access required):

• Commercial Property Inspection Report (interior access required)

• Building Sketch (based on exterior measurements)

 

Sales Comparison Approach

• Market conditions overview

• Up to six comparison data are sought; at least three closed sales are used whenever possible. If needed, current listings are utilized.

• Information on each data includes:

  • Key characteristics

  • Units of comparison

  • Published documents (e.g., assessor records, listings)

  • Aerial or published photos (new photos typically not provided)

• Location map of subject and data

• Price analysis and value indication

 

Income Approach (when applicable)

• Rental data and comparison rental property summaries

• Location map of subject and comparisons

• Reconstructed income and expense statement

• Capitalization analysis and indicated value

 

Final Conclusions

• Discussion of all analyzed data

• Suggested probable price range

• Suggested single point value estimate

 

Please call 916-838-2927 to discuss your needs.