| Rooms: |
|
| Rooms Revenue |
$116,800 |
| Overall Expenses = 52.98% |
($61,881) |
| (from stabilized rev/exp: 40.41% + 7.52%+ 5.05%) |
|
| Net Operating Income |
$54,919 |
| Cap Rate |
9.0% |
| Rooms value ($30,511/room, GIM = 5.23) |
$610,211 |
| Less FF&E (rooms) @ 15% |
($91,531) |
| Assessment (rooms only) |
$518,680 |
| |
|
| Food & Beverage areas: |
|
| Tavern: |
|
| 9,000 s. f. @$14.00 |
$126,000 |
| Less vacancy = 3.0% |
($3,780) |
| Effective Gross Income |
$122,220 |
| Less Expenses = 3.0% |
($3,667) |
| Net Operating Income |
$118,553 |
| Capitalization Rate |
9.0% |
| Value to Food & Beverage areas |
$1,317,256 |
| Value of the Real Property |
$1,835,936 |
| Rounded: |
$1,835,500 |
