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Typically, small retail properties are valued using the direct cap method. You are looking at a property with NOI of $35,000. Based on other transactions

Typically, small retail properties are valued using the direct cap method. You are looking at a property with NOI of $35,000. Based on other transactions that have closed recently, you estimate the market cap rate is 5.0%.

QUESTION: What is the estimated value of this property?

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