rentable space. Expected rent is $$22$ per square foot annually, plus $5\%$ of sales above $$1,100,000.$ Fixed operating expenses will be $$90,000,$ and variable operating expenses are expected to be $28\%$ of effective gross income $($including other income$).$ Depreciation expense will be $$46,000.$ Sales are expected to be $$2,000,000.$ Other income is expected to total $$26,000,$ and the monthly mortgage payment will be $$13,500.$ The vacancy rate is expected to be $6\%.$

Estimate expected NOI. What is the expected OER?