Broker Price Opinion Calculator

BPOs give a fast value estimate. This calculator generates a three-point range.

Comp average PSF

Subject SF

Condition factor (0.7-1.15)

Timing factor

Mid BPO

$649,800

Low BPO

$597,816

High BPO

$701,784

How the math works

Mid BPO = PSF × SF × condition × timing. Low/high = ±8%.

Use BPO for fast screening; verify with appraisal before major decisions. Condition factor is often overstated by listing brokers — tour the unit before locking to a value.

How to Use

Enter comp average PSF.
Enter subject SF.
Enter condition factor (0.7-1.15).
Enter time-on-market factor.
Read low-mid-high BPO.

Frequently Asked Questions

BPO vs appraisal?

BPO: fast, cheap ($100-$500), broker-generated. Not lender-acceptable for loans. Appraisal: slower, expensive ($500-$2000), licensed, lender-acceptable.

Uses?

Pre-listing pricing. Quick estimates for distressed asset portfolios. Due diligence at term-sheet stage. Settlement/tax disputes (informal). Internal portfolio valuations.

Accuracy?

Plus-or-minus 10-15% of true value. Good for ballpark. For deal economics, use full appraisal. BPO is screening tool, not final valuation.

What does competitive benchmarking look like?

Pull 3-5 comparable properties or units in your submarket from CoStar, Yardi, CIM, or your local broker. Normalize by unit type, class, and age. Your outputs should fall within one standard deviation of the comp-set mean. Outliers are either opportunities or warning signs — dig into why. Monthly benchmarking keeps your portfolio on-market and pricing sharp.