Property Valuation
In Louisiana's income approach, 'gross income multipliers' work best for:
ALarge institutional-grade properties with complex lease structures
BSmaller residential income properties (duplexes, triplexes, small apartment buildings) where comparable sales data is available✓ Correct
CProperties with no rental income
DIndustrial properties with triple-net leases
Explanation
GRMs and GIMs work best for smaller residential income properties where comparable sales are available to develop reliable multipliers, and the income is relatively straightforward. They are too simplistic for complex commercial properties.
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