⚠️ For the best experience, please view this page on desktop.
📘 Question
10-2
One option the client is considering is converting a portion of their office space into residential apartments. They’ve asked us to run the numbers on a 250,000 sq ft building in Charlotte, NC. Here are the assumptions:
- Residential conversion cost: $200/sq ft
- Expected monthly rent per unit: $2,000
- Average unit size: 1,000 sq ft
- Annual operating expenses: 30% of gross rent
How many years would it take for the client to recover the conversion cost?
Click the audio to listen to the question.
📊 Case Exhibit
Use the exhibit to answer the above question.
Your answer:
Your response will be saved to your account for you to review.
Answer Saved!
Oops! Something went wrong while submitting the form.
Your answer has been saved.
One option the client is considering is converting a portion of their office space into residential apartments. They’ve asked us to run the numbers on a 250,000 sq ft building in Charlotte, NC. Here are the assumptions:
- Residential conversion cost: $200/sq ft
- Expected monthly rent per unit: $2,000
- Average unit size: 1,000 sq ft
- Annual operating expenses: 30% of gross rent
How many years would it take for the client to recover the conversion cost?
Click the audio to listen to the question.
📊 Case Exhibit
Use the exhibit to answer the above question.
Your answer:
Your response will be saved to your account for you to review.
Answer Saved!
Oops! Something went wrong while submitting the form.
You've successfully added an item! Click here to add another one!
Oops! Something went wrong while submitting the form.
