Round answers to the nearest dollar.

Financing - Income Capitalization and Construction Draw Schedule 1. Complete the following income capitalization spreadsheet. Net Lease Rates ($/sf/yr) $20 Total Building Area (sf) 100,000sf Potential Gross Income ($/yr) Income/Revenue Ratio 0.50 = Net Operating Income ($/yr) Capitalization Rate 10.0% 11 = Total Project Value Land Acquisition & Development Cost $1,500,000 = = Total Building Budget Total Building Area (sf) 100,000sf Maximum Construction Cost ($/sf)