Real$-$estate Appraisal Main Principles and Methods Case Study Assignment. Investment property located in "Salmiya" area with a plot size of $487\mathrm{.}5$ square meters, overlooking two streets "corner location". The building is utilized to the highest and best use and contains a basement, ground floor, $8$ typical floors and a roof. Upon inspection, it was found that the effective age of the building is $5$ years and the economic life is $40$ years. The property has an above average material finishing, and the reproduction cost for buildings is as shown below, with indirect costs of $\backslash (13\backslash \%\backslash )$ of the total reproduction cost. Similar size property overlooking one street was sold in "Salmiya" last week for $(\backslash (731,000\backslash$mathrm$\{$KD$\}\backslash )),$ The estimated difference between one street and a corner location land rate is $(\backslash (100\backslash$mathrm$\{$KD$\}/\backslash$mathrm$\{$m$\}^\{2\}\backslash )).$ subject property units are rented to Families only and the shop is utilized as a restaurant. "Taking into consideration the location and size of the unit, the rental rate for a flat in this area is KD $4\mathrm{.}26$ per $\backslash (\backslash$mathrm$\{$m$\}^\{2\}\backslash ),$ while the shop can be rented for KD $850$ per month." Consider that vacancy rate and expense rate is $\backslash (6\backslash \%\backslash )$ And the cap rate for the NOI is $\backslash (5\mathrm{.}65\backslash \%\backslash )$ Please use basic assessment methods to arrive at a fair value for the property as of $9/04/2025.2.$ Calculate the estimated depreciation rate.

$3.$ Calculate the depreciated reproduction cost of the building.