Question: Typically, small retail properties are valued using the direct cap method. You are looking at a property with NOI of $50,000. Based on other transactions

Typically, small retail properties are valued using the direct cap method.

Typically, small retail properties are valued using the direct cap method. You are looking at a property with NOI of $50,000. Based on other transactions that have closed recently, you estimate the market cap rate is 3.50%. QUESTION: What is the estimated value of this property? Your Answer: Answer Question 4 (2 points) In the space below, show how you calculated value in the previous question. A

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