Three highly similar and competitive income-producing properties within two blocks of the subject property have sold this mor same amenities and services as the subject property. The sale prices and estimated first-year NOI for each of the comparable properties are as follows: Comparable Sale Price NOI $620,000 $47,000 B $480,000 $50,400 $555,000 $53,400 Using the information provided, calculate the overall capitalization rate by direct market extraction assuming each property is equally comparable to the subject. 10.50% 9.41% 27.70% 9.23%