Property Valuation
An Alaska industrial property generates an NOI of $120,000. Similar industrial properties have sold at cap rates ranging from 6.5% to 8.5%. The indicated value range is:
A$1,176,471 to $1,538,462
B$1,200,000 to $1,600,000
C$1,411,765 to $1,846,154✓ Correct
D$780,000 to $1,020,000
Explanation
At 8.5% cap rate: $120,000 ÷ 0.
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