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Three Highly Similar and Competitive Income-Producing Properties Within Two Blocks

Question 30

Multiple Choice

Three highly similar and competitive income-producing properties within two blocks of the subject property have sold this month.All three offer essentially the same amenities and services as the subject property.The sale prices and estimated first-year NOI for each of the comparable properties are as follows:
Three highly similar and competitive income-producing properties within two blocks of the subject property have sold this month.All three offer essentially the same amenities and services as the subject property.The sale prices and estimated first-year NOI for each of the comparable properties are as follows: Using the information provided,calculate the overall capitalization rate by direct market extraction assuming each property is equally comparable to the subject. A) 11.0% B) 11.2% C) 11.4% D) 12.0%
Using the information provided,calculate the overall capitalization rate by direct market extraction assuming each property is equally comparable to the subject.


A) 11.0%
B) 11.2%
C) 11.4%
D) 12.0%

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