On Thursday, January 22, 2015 at 6:35:33 AM UTC-5, Jim Newman wrote:

"Terminology
Traditionally, small bodies orbiting the Sun were classified as
asteroids, comets or meteoroids, with anything smaller than ten metres
across being called a meteoroid. The term "asteroid" is ill-defined. It
never had a formal definition, with the broader term minor planet being
preferred by the International Astronomical Union."

Actually the PC term at the IAU is "dwarf planet" (which also includes comets?!) and anything "smaller" is called a "small Solar System body" (sSSb ?)

So strictly speaking, 2004 BL86 is a "dwarf planet," at least until the next IAU convention.

It should be visible in binos, but don't bother, because in order to "see it as it really is" you'll have to use a video cam or look at it on the Web, according to our resident troll, LsD.