A comparable office property with 46,000 square feet sold 6 months ago for $976,000. Your subject office building has 52,500 square feet and no outdoor patio. In general, office assets have increased 4% over the past year. The comparable asset includes an outdoor patio for employees to eat lunch, which was valued 6 months ago at $13,000. 

What is the current estimated value of the subject property today.

Answer rating: 100% (QA)

Step 1 Adjust the comparable propertys value for the outdoor patio Since the comparable property has ... View the full answer