Question: Question 9 (1 point) You are looking at a potential acquisition and want to estimate its value. A highly similar and competitive income-producing property has

Question 9 (1 point) You are looking at a potential acquisition and want to estimate its value. A highly similar and competitive income-producing property has sold in the same submarket as the subject property. The sales price on the comp was $1,440,000 and the NOI was $71,000. The subject property NOI is $73,000. What is the estimated value of the subject property? Your Answer: Answer Question 10 (2 points) Show your work from the previous question. How did you estimate value? Make sure to include how you calculated the cap rate for the recent sale

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