What would be the appropriate fair market value for each


You and investors are considering purchasing either an office building or a strip retail center. Based upon the below data, what would be the appropriate fair market value for each property?

Rentable Sq. Footage: Office- 100,000; Retail- 80,000

Rent/square foot: Office- $24; Retail- $30

Expense Ratio: Office- 40%; Retail- 50%

Vacancy: Office- 5%; Retail- 8%

Desired Cap Rate: Office- 13%; Retail- 14%

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Financial Management: What would be the appropriate fair market value for each
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