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An investor expects to hold a potential property acquisition for 10 years. NOI at the end of year 10 is projected to be $300,000: NOI
- An investor expects to hold a potential property acquisition for 10 years. NOI at the end of year 10 is projected to be $300,000: NOI at the end of year 11 is forecasted to be $310,000. The going-in cap rate is 6.0%; the appropriate going-out cap rate is determined to be 6.7%. The estimate sale price at the end of year 10 is ______.
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