5. You have been asked to appraise a closed Burger King on Hwy. 1 in Virginia Commons.The building was built 5 years ago, but has been vacant for the last 2.Vacant buildings tend to deteriorate faster than occupied buildings.For this reason you estimate the age of the building at 9 years.Fast food restaurants have an expected economic life of 20 years. The building is 2,100 square feet and sits on a lot that is 4,200 square feet.A lot just south of the subject sold recently for $18.50 a square foot.Fast food restaurant construction costs average $210 per square foot.What is your estimate of the value of this property (hint - cost approach)?