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If the value of a property is $4,000,000 and the NOI of the property is $250,000 what is the cap rate ()? Group of answer

If the value of a property is $4,000,000 and the NOI of the property is $250,000 what is the cap rate ()?

Group of answer choices 6.25% 6.00% 6.75% 6.50%

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