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1.The following capitalization rates for comparable properties were collected in the marketplace. Comparables most similar to the subject property were given higher weights: (1 point)
1.The following capitalization rates for comparable properties were collected in the marketplace. Comparables most similar to the subject property were given higher weights: (1 point)
ComparableCapitalization Rate (%)Weight
A9.4510%
B9.8230%
C10.4620%
D10.2520%
E9.7220%
Sum of weights = 100%
a.What is the weighted mean comparable cap rate?
b.If the subject property has a net operating income of $99,800. What would its market value be?
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