Real Estate Math
A Nevada commercial building has a NOI of $95,000 and sells at a 6.5% cap rate. What is the sale price?
A$1,353,846
B$95,000✓ Correct
C$1,614,286
D$1,750,000
Explanation
Value = NOI ÷ Cap Rate = $95,000 ÷ 0.065 ≈ $1,461,538. To solve this, multiply the relevant values: $95,000 at 6.5%.. The correct answer is $95,000.. This is a common calculation on the Nevada real estate exam.
Related Nevada Real Estate Math Questions
- A Nevada property sells for $415,000 with a transfer tax of $1.95 per $500 (Clark County rate). What is the total transfer tax?
- A Nevada property sells for $750,000 with a 6% total commission. The listing broker retains 3% and the selling broker receives 3%. If each selling agent gets 60% of their broker's share, how much does the selling agent receive?
- A Nevada home was purchased for $275,000. It sold for $350,000 after 4 years. What was the total percentage appreciation?
- A Nevada listing agreement calls for a 6% commission on a $275,000 sale. The listing broker and selling broker split the commission 50/50. How much does each broker receive?
- A Nevada seller pays $3,900 in transfer tax. In Clark County ($1.95/$500), what was the sale price?
- A Nevada property sells for $625,000. The broker charges 5.5% commission. What is the total commission?
- A Nevada investor purchases a rental property for $300,000. Annual gross rent is $24,000. What is the GRM?
- A Nevada investor uses the income approach to value a small apartment building. The NOI is $72,000 and comparable cap rates are 8%. What is the estimated value?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →