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You are looking at a potential acquisition and want to estimate its value. A highly similar and competitive income-producing property has sold in the same

You are looking at a potential acquisition and want to estimate its value. A highly similar and competitive income-producing property has sold in the same submarket as the subject property. The sales price on the comp was $1,480,000 and the NOI was $71,000. The subject property NOI is $73,000. What is the estimated value of the subject property?

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