Write a Reconciliation Statement and Conclusion of value based on the above facts. An Office Building was just built in a well developed area with a construction cost of $ 5 million on a lot recently purchased for $1 million. The property has a long guaranteed lease that will generate $40,000 in rents each month with expenses of 20% of rent. Cap Rates in the area for similar properties are 7%. The only other recent sale of a drugstore property for $12 million 2 years prior in a new area of town without any other commercial/retail developments nearby