Property Valuation
A Missouri commercial property has 10,000 sq ft at $20/sq ft annual rent, 5% vacancy, and $80,000 operating expenses. The NOI is:
A$90,000
B$110,000✓ Correct
C$120,000
D$10,000
Explanation
PGI = 10,000 x $20 = $200,000. Vacancy = $200,000 x 5% = $10,000.
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