You have been asked to calculate the Value of a 6,000 sq. ft. office building, currently renting at $ 11.75 per sq. ft. The Vacancy rate is 8.5% and next years Operating expenses are likely to be $ 31,500. In order to calculate the value of the building, you have found four recently sold similar properties:

According to your calculations, the Value of the Office Building is:

	a.	$ 386,375
	b.	$ 374,085
	c.	$ 345,608
	d.	$ 378,086
	e.	$ 470,525

1 2 3 4 COMPARABLE PROPERTIES Sale Price NOI/yr $ 255,000 $ 22.500 $ 178,000 $ 17,000 $ 315,000 $ 27,500 $ 266,000 $ 18,660 Weight** 35% 15% 30% 20% ** Based on the Location of the above properties, each has been assigned a Weight 1 2 3 4 COMPARABLE PROPERTIES Sale Price NOI/yr $ 255,000 $ 22.500 $ 178,000 $ 17,000 $ 315,000 $ 27,500 $ 266,000 $ 18,660 Weight** 35% 15% 30% 20% ** Based on the Location of the above properties, each has been assigned a Weight