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Updated 2 months ago, 09/20/2024
Finding Market Value
Still new here- I know I can find the cap rate by dividing the NOI by the market value but what's the most reliable way of finding the market value? Example, say I have a 10 unit property, $800 per month. 10u x $800 x 12 months x .9 occupancy x .5 expenses = $43,200 NOI. How do I know what cap rate to use to find out what the market value of the property is?