[Answer] An improved property has a net operating income of $75 000. The appraiser estimates that $61 000 of the income is attributable to the building. The land capitalization rate is 8%. What is the estimated land value?$75 000 – $61 000 = $14 000 income attributable to land. $14 000 / 0.08 = $175 000

Answer: abstraction
An improved property has a net operating income of $75 000. The appraiser estimates that $61 000 of the income is attributable to the building. The la…

Leave a Reply