Due Wednesday by 11:59pm Points 10 Submitting a file upload Assume that the following Comparable Sales for office properties are observed Comparable A: Sales Price $1.600,000:1st year NOl-$150,000 Comparable B: Sales Price- $1.700,000; 1st year NOI $170,000 Comparable C: Sales Price- $1,960,000;1st year NOI-$240,000 Comparable D: Sales Price $1,200,000; 1st year NOI-$105,000 based on these 1) Weighting all comparables equally, utilize direct market extraction to 4 comparables. 2) Calculate the 1st year NOi for an office property with the following characteristics Projected 1st year Potential Gross Income (PGI) of $950,000 -Vacancy and Collection cost is 12% of PGI Operating Expenses are 40% of Effective Gross Income (EGI -Capital Expenditures are budgeted at 5% of EGI 3) Based on your answers above utilize direct capitalization (the cap rate method) to dletermine the vakue of the office property described in question 2 utilizing the cap rate from question 1 Ele Vrload Google Doc Arc Office 365 Upload a file, or choose a file you've already uploaded 04 18 F7 F6 20 oo FA FS 8