The subject property is a $5,000$ sf single tenant office building that is currently leased for $$9\mathrm{.}00$ per sf per year with three years remaining on the lease. The current lease is assignable. Typical total vacancy$/$credit loss for this type of property is $10\%$

per year. Owner expenses are typically found to be $25\%$ of the effective gross income. Market rent rates are $$12\mathrm{.}00$ per sf per year. Market overall rates are $9\mathrm{.}5\%.$ In the data collection, a sale of a leasehold interest was sold for $$29,000$ with a net

leasehold income of $$12,000$ per year with three years remaining.

What is the market value of the fee simple interest, rounded to the nearest $$1,000?($I know the answer is $$426,000$ i just dont know how to get there$)$