Question
A Class A Retail Office Building in Southwest Omaha has 20,000 of rental space. According to the Douglas County Cap Rate Study on average these
A Class A Retail Office Building in Southwest Omaha has 20,000 of rental space. According to the Douglas County Cap Rate Study on average these types of buildings rent for $21/SFT, have vacancy rates of 7.6%, expenses of 12% and capitalization rates of 12%.
Based on this information, what is the estimated market value of the property?
- 3,489,024
- 2,845,920
- 2,775,360
- 3,322,880
- 2,907,520
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th Edition
1260772381, 978-1260772388
