Real Estate Math
A Colorado section of land is divided into 16 equal parcels. Each parcel is how many acres?
A10 acres
B20 acres
C40 acres✓ Correct
D80 acres
Explanation
A full section = 640 acres. 640 ÷ 16 = 40 acres per parcel. Remember: 1 acre = 43,560 square feet. Multiply or divide as needed to convert between units.. The correct answer is 40 acres.. This is a common calculation on the Colorado real estate exam.
Related Colorado Real Estate Math Questions
- A Colorado commercial property has 10,000 rentable square feet, rented at $18/sq ft/year on a net basis. The vacancy is 8%. What is the effective gross income?
- A Colorado warehouse leases for $12.50 per square foot per year on a net lease basis. The warehouse is 8,000 square feet. What is the monthly rent?
- A Colorado property closes on June 15. Annual property taxes of $3,650 are paid in arrears (seller owes taxes for January 1 through June 15). How many days is the seller responsible for (non-leap year)?
- A commercial building has an NOI of $95,000 per year. If investors in this market require a 7.5% cap rate, what is the indicated value?
- A Colorado broker's office has a total annual commission income of $1,200,000. The employing broker receives 30% and the remaining 70% is split equally among 10 associate brokers. How much does each associate broker earn annually?
- A Colorado property has a price per square foot of $185. If the home is 2,400 sq ft, what is the list price?
- A Colorado commercial property has 5,000 sq ft of rentable space at $22/sq ft/year. If 20% is vacant, what is the annual effective gross income?
- A buyer purchases a property for $560,000 and sells it 3 years later for $672,000. What is the percentage increase in value?
Practice More Colorado Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Colorado Quiz →