Property Valuation
In Kansas, a 'multi-tenant office building' is typically valued using which appraisal approach as the primary method?
ACost approach, since the building was recently constructed
BIncome approach, using a cap rate to capitalize the net operating income✓ Correct
CSales comparison approach exclusively
DBoth cost and income approaches weighted equally
Explanation
Income-producing commercial properties like multi-tenant office buildings are primarily valued using the income approach (direct capitalization or discounted cash flow), with the sales comparison as a secondary check.
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