Question
Using the Cap Rate method, estimate the value for the Subject Building based on the following comparable sales. The sales are all very similar to
Using the Cap Rate method, estimate the value for the Subject Building based on the following comparable sales. The sales are all very similar to the building you are considering and around the same time frame.
(Round to the nearest dollar and use no punctuation. For a value of $4,000,000.00 enter 4000000)
| Comp Sale | Sale Price | Gross Rents | Operating Expenses |
| Comp A | $1000000 | $120000 | $45000 |
| Comp B | $2450000 | $340000 | $120000 |
| Comp C | $4625000 | $610000 | $215000 |
| Subject Bldg | Value??? | $665000 | $350000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Handbook Of Asian Finance REITs Trading And Fund Performance
Authors: David Lee, Greg N. Gregoriou
1st Edition
0128009861, 978-0128009864
