Property Valuation
The GRM (Gross Rent Multiplier) approach is most commonly used for:
ALarge commercial office buildings
BSmall income-producing residential properties✓ Correct
CNew construction only
DSingle-family primary residences
Explanation
The GRM approach is most commonly used for small residential income properties (like 1-4 unit rentals) where full income/expense data may not be available, and where comparable sales with known rent data exist.
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