Suppose that a site can be developed a rental property at a cost of $500,000...
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Suppose that a site can be developed a rental property at a cost of $500,000 with a annual NOI of $65,000. Assuming the cap rates for the building and for the land are 10% and 8% respectively. Calculate the value of the land? O $187,500 $155,622 O $123,159 None of the given answers $118,687
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