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CAN YOU HELP ME WITH THIS REAL ESTATE APPRAISAL RATE EXTRACTION PROBLEM? Reference Percentage for Comparables Subject Sale 1 Sale 2 Sale 3 $ 1,985,000

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CAN YOU HELP ME WITH THIS REAL ESTATE APPRAISAL RATE EXTRACTION PROBLEM?

Reference Percentage for Comparables Subject Sale 1 Sale 2 Sale 3 $ 1,985,000 $ 1,458,000 $3,258,000 Sale Price Income Before Expenses $510,000$ 369,000 $ 253,680 S 601,000 PGI for Next Year Vacancy and Collection Loss EGI for Next Year 6.25% 6.50% 6.75% Operating Expense for Next Year Taxes Insurance Management (5%) Maintenance-building Maintenance-grounds Utilities Reserve fund-roof covering Reserve fund-parking lot Reserve fund-HVAC Reserve fund-elevator Tenant improvements $ 56,000 $ $ 10,600 $ $ 24,225$ $ 22,050 $ $ 11,000 $ $ 67,000 $ $ 5,000 $ $ 4,500 $ $ 3,200 $ $ 1,500 $ $ 5,500 $ 44,258$ 9,600 $ 17,159 $ 16,055 $ 8,000 $ 55,000 $ 4,200 $ 3,900 $ 2,500 $ 1,200 $ 4,400 $ 26,000 $ 4,500 $ 11,923 $ 10,700$ 4,900 $ 34,000 $ 2,600 $ 2,500 $ 2,900 $ 1,800 $ 3,500 $ 72,000 14,500 27,646 26,500 13,800 76,800 4,200 7,500 6,200 3,600 12,600 T. Total Expenses Net Operating Income Comparable Capitalization Rates Capitalization Rate (Round to Whole Number in %) Value Opinion (Raw) Value Opinion (Rounded) Reference Percentage for Comparables Subject Sale 1 Sale 2 Sale 3 $ 1,985,000 $ 1,458,000 $3,258,000 Sale Price Income Before Expenses $510,000$ 369,000 $ 253,680 S 601,000 PGI for Next Year Vacancy and Collection Loss EGI for Next Year 6.25% 6.50% 6.75% Operating Expense for Next Year Taxes Insurance Management (5%) Maintenance-building Maintenance-grounds Utilities Reserve fund-roof covering Reserve fund-parking lot Reserve fund-HVAC Reserve fund-elevator Tenant improvements $ 56,000 $ $ 10,600 $ $ 24,225$ $ 22,050 $ $ 11,000 $ $ 67,000 $ $ 5,000 $ $ 4,500 $ $ 3,200 $ $ 1,500 $ $ 5,500 $ 44,258$ 9,600 $ 17,159 $ 16,055 $ 8,000 $ 55,000 $ 4,200 $ 3,900 $ 2,500 $ 1,200 $ 4,400 $ 26,000 $ 4,500 $ 11,923 $ 10,700$ 4,900 $ 34,000 $ 2,600 $ 2,500 $ 2,900 $ 1,800 $ 3,500 $ 72,000 14,500 27,646 26,500 13,800 76,800 4,200 7,500 6,200 3,600 12,600 T. Total Expenses Net Operating Income Comparable Capitalization Rates Capitalization Rate (Round to Whole Number in %) Value Opinion (Raw) Value Opinion (Rounded)

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