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You are trying to establish a reasonable sale price on a small office complex with a Net Operating Income of $40,600. Based upon your market
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You are trying to establish a reasonable sale price on a small office complex with a Net Operating Income of $40,600. Based upon your market research, the average cap rate for similar properties is 8.5%. What will be the sale price of this office complex ?
1. 340,000
2. 480,000
3. 647,477
4. 477,647
You are trying to establish a reasonable sale price on a small office complex with a Net Operating Income of $40,600. Based upon your market research, the average cap rate for similar properties is 8.5%. What will be the sale price of this office complex ?
| 1. | 340,000 | |
| 2. | 480,000 | |
| 3. | 647,477 | |
| 4. | 477,647 |
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