Real Estate Math
A Hawaii industrial property rents for $3.25/sq ft/month NNN. The building is 12,000 sq ft. What is the annual base rent?
AA. $432,000
BB. $468,000✓ Correct
CC. $390,000
DD. $39,000
Explanation
Monthly base rent = $3.25 × 12,000 sq ft = $39,000/month. Annual base rent = $39,000 × 12 = $468,000. In a NNN lease, the tenant pays base rent plus property taxes, insurance, and maintenance—so the landlord's net income is close to the base rent amount.
Related Hawaii Real Estate Math Questions
- A Hawaii buyer's monthly PITI payment is $4,200 and their gross monthly income is $14,000. What is their housing expense ratio?
- A Honolulu commercial property has an asking cap rate of 5.25% and lists for $4,200,000. What is the NOI?
- A Hawaii tenant signs a 3-year commercial lease at $4,500/month for the first year, $4,800/month for the second year, and $5,100/month for the third year. What is the total rent paid over the lease?
- A Hawaii buyer finances 80% of a $560,000 purchase. The origination fee is 1% of the loan. What is the origination fee?
- A Hawaii investor holds a property for 5 years, earning $50,000 per year in NOI. The purchase price was $700,000. What is the total return on investment (NOI only, no appreciation)?
- A Hawaii investor buys a rental property for $900,000 and depreciates it over 27.5 years (residential). What is the annual depreciation deduction? (Land value is $180,000)
- A Hawaii agent earns $22,500 on a transaction and their split is 70% to the agent. What was the total commission, and what does the broker retain?
- A Hawaii condo listing has 850 sq ft. The price per square foot is $780. What is the listing price?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →