Property Valuation
A Connecticut commercial property with annual NOI of $75,000 and a 7% cap rate has an estimated value of:
A$525,000
B$750,000
C$1,071,429✓ Correct
D$1,500,000
Explanation
Value = NOI ÷ Cap rate = $75,000 ÷ 0.07 = $1,071,429.
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