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appraisal real estate 15. A retail property is located in an area in which the neighborhood is becoming increasingly run down. Net income of the

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15. A retail property is located in an area in which the neighborhood is becoming increasingly run down. Net income of the property has fallen by $0.15 per square foot. If the property encompasses 1,500 square feet and the overall capitalization rate is 9 percent, what is the value of the external obsolescence

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