One Step Further - Appraisal Institute
Feasibility Rent Example Replacement cost new (per square foot or per unit) for fully functional space, including land and entrepreneurial incentive $100.00 Multiply by the overall capitalization rate x 0.085 Feasibility net operating income per square foot or per unit $8.50 Add fixed expenses per square foot or per unit + $1.50 Subtotal $10.00 ... ................
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