Three Highly Similar and Competitive Income-Producing Properties Within Two Blocks

question 30

Multiple Choice

Three highly similar and competitive income-producing properties within two blocks of the subject property have sold this month.All three offer essentially the same amenities and services as the subject property.The sale prices and estimated first-year NOI for each of the comparable properties are as follows:

Using the information provided,calculate the overall capitalization rate by direct market extraction assuming each property is equally comparable to the subject.

• A)11.0%
• B)11.2%
• C)11.4%
• D)12.0%

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Definitions:

Due Date

The specific date by which something is supposed to be completed or paid.

Priority Rules

Guidelines used in manufacturing and project management to determine the order in which tasks or jobs should be executed based on their importance.

Process Time

The duration it takes to complete a specific task or operation from start to finish in a manufacturing or service process.