Real Estate Math
A square Nebraska lot measures 150 feet × 200 feet. What is the lot area in square feet and in acres (1 acre = 43,560 sq ft)?
A30,000 sq ft / 0.69 acres✓ Correct
B35,000 sq ft / 0.80 acres
C40,000 sq ft / 0.92 acres
D30,000 sq ft / 0.60 acres
Explanation
Area = 150 × 200 = 30,000 sq ft. Acres = 30,000 ÷ 43,560 ≈ 0.
Related Nebraska Real Estate Math Questions
- A Nebraska property has a front footage of 60 feet on Main Street. The assessor values it at $850 per front foot. The assessed value is:
- A 640-acre section of Nebraska farmland is divided into four equal parts (quarters). One quarter section contains how many acres?
- A commercial property lease is for 3,200 sq ft at $19/sq ft/year. Annual NNN expenses are $8,500 in taxes, $3,200 in insurance, and $4,100 in maintenance. What is the total annual cost to the tenant?
- A Nebraska commercial lease calls for $3,200/month base rent with CPI increases annually. If CPI increases by 2.8% in year 2, what is the new monthly rent?
- A Nebraska investor buys a duplex for $298,000 with 20% down. The annual NOI is $22,000. What is the cash-on-cash return on equity invested?
- If a property's assessed value increases from $195,000 to $208,000 and the tax rate stays at 2.1%, by how much do annual taxes increase?
- A Nebraska apartment complex costs $2,400,000. The land is worth $350,000 and the improvements $2,050,000. Using IRS straight-line depreciation for residential rental property (27.5 years), the annual depreciation deduction is:
- A commercial property in Lincoln has an NOI of $95,000 and is purchased at a 7.6% cap rate. What is the purchase price?
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →