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3. GRM/GIM Estimates of Appraised Value: Subject Comp. 1 Comp. 2 Comp. 3 V & Crates Units Average Rent 4% 190 $980 4% 185 $995

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3. GRM/GIM Estimates of Appraised Value: Subject Comp. 1 Comp. 2 Comp. 3 V & Crates Units Average Rent 4% 190 $980 4% 185 $995 4.6% 185 $1020 5.1% 200 $1020 Selling Price ? $15,200,000 $15,300,000 $15,500,000 Calculate the Gross Rent Multiplier for the Comps: Show the estimated price range from a low value to a high value for the subject property

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