gross rent multiplier


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gross rent multiplier

See gross income multiplier.
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In this case, the units of comparison could be a gross rent multiplier and price per square foot of gross building area.
Accordingly, the duplex formula was expanded so that gross rent multipliers could be calculated independently for the primary and accessory units:
* Monthly energy savings x gross rent multiplier (GRM)
The price of $2,900,000 equates to a 5.3 percent cap rate, a gross rent multiplier (GRM) of 13, and $274 per square foot.
For example, the income approach as developed on the current uniform Fannie Mae residential appraisal form requests the input of a GRM or gross rent multiplier that is derived via the ratio of market values to market rents (market value/market rent = GRM).
The sale price equates to a gross rent multiplier (GRM) of 11.2, a 5.9% capitalization rate, and $378 per s/f.
Since evidence suggested that the billboard structures could not "be replaced in any meaningful way within the same market area," the trial court determined that the market approach, based on a gross rent multiplier, (14) was more relevant than the State's cost approach and its underlying assumption of relocation.
The sale price equates to a gross rent multiplier (GRM) of 8.9, $120 psf and $138,400 per unit.
Gross rent multiplier analysis is a ratio tool that can be used in residential properties.
This Cap Rate is well below Brooklyn's average of around 5.45 percent percent and this Gross Rent Multiplier is well above the Brooklyn's average of 12.48.
Discussions with various participants in the billboard industry indicate that they purchased structures based on a multiple of the gross rent, or the gross rent multiplier (GRM).
The sale price equates to a gross rent multiplier (GRM) of 14.2X RR, capitalization rate of 5.3 percent, $666 per square foot and $333,000 per unit.