Part II. Problem 1 (total 10 points). TYPE THE ANSWERS IN THE TEXT A) What is the NOI for an office building, calculated with the following information? point) $200000 7% Gross rental income Estimated vacancy and losses Taxes and insurance Utilities and maintenance Depreciation $18000 21000 20000 B) What is the value of this property if cap rate is 7% (4 points) C) What is the value of this property if it has following characteristics: is 15 miles fro the city and is 37000 square feet. (4 points) Characteristic Units Value Vacancy rate % (20000) Building size Square feet Distance to city Miles (5,000)