Question $4(8$ points$)$

Develop a range of market cap rates through market extraction using the following data. Present your percentages to the one$-$hundredth decimal place $($e$.$g$.,10\mathrm{.}25\%).$

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Then, using the net operating income from question $3$ and the cap rates you have calculated, present the applicable values for the property using the direct capitalization technique $($rounded to the nearest $$10,000).$

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Sale A

Sale B

Sale C

Sale D

NOI

$$956,250$

$$734,514$

$$1,771,944$

$$787,050$

Sale price

$$15,300,000$

$$11,847,000$

$$27,472,000$

$$11,660,000$

Your answer:

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Sale A

Sale B

Sale C

Sale D

Cap rate

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Resulting values based on subject NOI from question $3$

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