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(25 points) Use the information about 3 markets comparables to estimate the market cap rate. Then apply this to your subject property to get a
(25 points) Use the information about 3 markets comparables to estimate the market cap rate. Then apply this to your subject property to get a subject value estimate. NOI for the subject is estimated to be $675,000 next year. Comparable 1 Comparable 2 Comparable 3 NOI 595,000 740,000 712,500 Sales Price 4,900,000 6,200,000 6,500,000
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