If a property has an NOI of $600K, and a comparable property traded at a 5% cap

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If a property has an NOI of $600K, and a comparable property traded at a 5% cap rate, what is a reasonable estimate of the property's value?

$12M

$10M

$8M

$14M

Related Book For answer-question

Global Investments

ISBN: 978-0321527707

6th edition

Authors: Bruno Solnik, Dennis McLeavey

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Posted Date: Jul 23, 2022 05:25 AM

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If a property has an NOI of $600K, and a comparable property traded at a 5% cap

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