Question: How much money could a typical retail developer pay for 1 acre of retail land if a 9,000 SF building cost is $110 per SF,

How much money could a typical retail developer pay for 1 acre of retail land if a 9,000 SF building cost is $110 per SF, the rent is $.1.25 per SF NNN (per month) with a 10% vacancy and 5% management costs and leased buildings have a current market cap rate of 8%? If each acre consists of 43,560 SF and this is a 1 acre parcel, what is the maximum value of the retail land?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Conceptual ROM Cost Estimating Prepare a conceptual cost estimate (use R.S. Means Cost data 2019) for the following projects (Include design & construction costs): a. 30,000 SF Medium-quality,...

Make a recoomendation for all five projects and Identify a concern with one or more metrics used by Target to make capital budgeting decisions for the specific projects under consideration....

Which of the five CPRs should Doug Scovanner accept? Be prepared to explain how each of the considerations that follow influenced your decision: (Please Give Explanation and COMPUTATION) a.NPV and...

Hi Vjvgoe, Are you able to help me with this problem please? I would need to see it 7/16/17 since it's due that same week but I will put the deadline on 7/29/17. I have attached all of the...

Your client has hired you to assess the financial feasibility of developing a commercially-zoned parcel of land in the County of Henrico, Virginia. Specifics about the properly include: The total...

Please see the attachment and prepare financial analysis using spreadsheet and determine whether or not they should go with the project. For the exclusive use of Z. Wu, 2016. REVISED APRIL 14, 2016...

Thank u guys:) This is the reference pages but the questions are the last 3 pictures . . . . Craft - Mason Wage rate VET $29.00 Hours worked 50 hours per week for 20 weeks and 40 hours per week for...

hello tutors please help answer all questions Question 1 (a) Kyamulibwa Fruit Processors Limited (KFPL) is a private company incorporated in Uganda and commenced business in January 2017. Mr. Kyabagu...

Flag question: Question 1 Question 1 1 pts A client wants to reduce the property's hazard insurance coverage substantially, in order to save money on the premiums. If the property manager tries to...

i need help with the below assignment use the pdf attached to work it out Why is the loan in default? Explain which reasons are most relevant to Drive.What economic factors contributed to the...

A lottery winner told how he picked his six-digit winning number (5-6-8-10-22-39): number of people in his family, birth date of his wife, school grade of his 13-year-old daughter, sum of his birth...

8226 "Standard price per pound of copper wire 29 Actual price per pound of copper wire 27 of pounds of copper wire allowed per unit of output 3 pounds Actual quantity of copper wire used

What is an asset account under revenue accounts payable supplies wage expense service revenue

Dr. Anwar Saeed, a heart surgeon, specializes in cardiac transplant. The following table indicates how many patients Dr. Anwar has seen each year for the past 10 years. It also indicates what the...

What are the diff erences between groups and teams?

View the fi lm, About a Boy (2002), directed by Paul and Chris Weitz. The story is about a surprising and unusual friendship between a selfi sh single man and a lonely boy. The central themes are...

If you were Dans friend, what might you say to alter his behaviors?