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A 5,000 sq.ft retail property generates $1.55 less in NOI due to poor property use compatibility in the neighborhood. The overall capitalization rate indicated by

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A 5,000 sq.ft retail property generates $1.55 less in NOI due to poor property use compatibility in the neighborhood. The overall capitalization rate indicated by the market is 9%. Assume land represents 25% of value, how much will the external obsolescence be? Excel Link: Excel Sheet.xlsx $87,000 $64,583$22,000$8,750

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