Question: What is the indicated market cap rate (use simple average for reconciliation of cap rates)? Comparable First Year NOI Sale Price A $70,000 $700,000 B

What is the indicated market cap rate (use simple average for reconciliation of cap rates)? Comparable First Year NOI Sale Price A $70,000 $700,000 B $100,000 $1250,000 C $120,000 $1500,000 D $50,000 $550,000 Select one: a. 10.00% b. 9.09% c. 8.00% d. 8.77%

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