You have forecast first year NOI of $71,500 for a retail strip center you are considering for investment. Three similar properties recently sold. The data below is from those sales Sale Price NOI 1 $950,000 $82,000 2. $1,000,000 $85,000 3 $ 975,000 $115,000 The cap rate from one of the sales above is much higher than the other two. In class we discussed two reasons this might occur.. One reason is that the property is perceived as having higher risk. What is the other reason we discussed? Estimate the market value of the retail center you are considering. Explain your choice of the cap rate