If a property has an NOI of $700K, and a comparable property traded at a 5%...

Question

Question

If a property has an NOI of $700K, and a comparable property traded at a 5% cap rate, what is a reasonable estimate of the property's value?

business finance

Answer 1

Answer #1

value = NOI/cap rate = 700000/0.05=14000000

Answer 2

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