Real Estate Math
A Nebraska commercial property has a monthly gross rent of $12,500 and a GRM of 140. What is the estimated value?
A$1,750,000✓ Correct
B$1,500,000
C$1,875,000
D$1,625,000
Explanation
Value = Monthly rent × GRM = $12,500 × 140 = $1,750,000. Using the values given ($12,500), apply the appropriate formula..
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