Property Valuation
An appraiser is estimating the value of a commercial property primarily using the income approach. Which data is MOST important?
ARecent sales of similar homes in the area
BCost of construction per square foot
CNet operating income and market cap rates✓ Correct
DSquare footage of the lot
Explanation
The income approach values property based on its income-generating potential; NOI and market cap rates are the key inputs.
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