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If a comparable property recently sold for $2,185,500 and its first years NOI was $163,900, what might be the subject propertys valuation based on the
If a comparable property recently sold for $2,185,500 and its first years NOI was $163,900, what might be the subject propertys valuation based on the going in (first year) cap rate if its first years NOI was $210,000? What is the subject property value based on its NOI and the cap rate of the comparable property?
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