You are trying to value the same building based on comparable properties sold in recent years. There

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You are trying to value the same building based on comparable properties sold in recent years. There have been six property sales of buildings of comparable size in the surrounding area.

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a. Estimate the value of the building based on price per square foot.

b. Estimate the value of the building based on price/gross rent.

c. What are some of the assumptions you make when you value a building based on comparable buildings?

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