Real Estate Math
A building has a gross leasable area of 12,000 square feet. The owner leases 10,500 square feet. What is the occupancy rate?
A80%
B85%
C87.5%✓ Correct
D90%
Explanation
Occupancy rate = Occupied sq ft / Total sq ft = 10,500 / 12,000 = 0.875 = 87.
Related Utah Real Estate Math Questions
- An investor pays $850,000 for a 10-unit apartment building in Salt Lake City. Each unit rents for $950/month. What is the annual gross income?
- A Utah landlord purchased a rental property for $500,000. Annual NOI is $40,000 and debt service is $28,000. What is the debt coverage ratio (DCR)?
- A seller agrees to pay 3% of the $400,000 purchase price in buyer closing cost concessions. How much will the seller pay?
- A Utah investor needs a minimum 8% cap rate. If a property has an NOI of $56,000, what is the maximum price the investor should pay?
- A 30-year loan has a monthly P&I payment of $1,900. Over the life of the loan, what is the total amount paid?
- A commercial building in Ogden has 8,000 rentable square feet at $18/sq ft per year NNN. What is the annual base rent?
- An investment property generates $48,000 NOI. Debt service (mortgage payments) totals $32,000 annually. What is the annual cash flow before taxes?
- A Utah property is depreciated for income tax purposes over 27.5 years (residential). A $275,000 building (land excluded) has an annual tax depreciation of:
Practice More Utah Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Utah Quiz →