Real Estate Math
A commercial space has 4,200 square feet at $22 per square foot per year (NNN lease). What is the monthly base rent?
A$5,500
B$7,700✓ Correct
C$6,600
D$9,240
Explanation
Annual base rent = 4,200 sq ft × $22 = $92,400. Monthly = $92,400 / 12 = $7,700. Using the values given ($22), apply the appropriate formula.. The correct answer is $7,700.. This is a common calculation on the Utah real estate exam.
Related Utah Real Estate Math Questions
- A Utah investor receives a seller contribution of $12,000 toward closing costs on a $400,000 purchase. What percentage of the purchase price is this?
- How many square feet are in 2.5 acres?
- An investor's cap rate is 7% and they want to value a property with an NOI of $35,000. Using a 25% down payment, what is the loan amount?
- A Utah home was purchased for $310,000. The buyer put 10% down and got a 30-year loan. If the property appreciates to $380,000 in 3 years, what is the buyer's approximate LTV ratio?
- A buyer's total monthly debt payments are $2,100, including the new mortgage. Their gross income is $7,000/month. What is the back-end (total) DTI?
- A seller nets $275,000 after paying a 6% commission. What was the sale price of the home?
- A Utah property is assessed at $280,000 (after the 55% residential exemption is applied). What was the full fair market value before the exemption?
- A 5-acre parcel in rural Utah sells for $75,000. What is the price per acre?
Practice More Utah Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Utah Quiz →