Ben Nelson, CCIM
Ben is a Certified Commercial Investment Member (CCIM) who advises clients on leasing, acquisitions and investment analysis. Before joining Windfield in 2020 he advised investors in St. Louis and worked in leasing and property management in Columbia, Missouri.
Windfield Real Estate, LLC · Licensed Missouri real estate broker · 816-612-5191 · LinkedIn
Investment underwriting and leasing
The math Ben uses
- Effective gross income
- $285,000
- Net operating income
- $225,000
- Expense ratio
- 21.05%
NOI = (scheduled rent + other income) × (1 − vacancy) − operating expenses. Debt service and capital costs are not operating expenses. The example figures are illustrative, not the terms of any property.
Open the full calculator →- Pro-rata share
- 6.97%
- Your CAM, per year
- $9,194
- Your CAM, per month
- $766/mo
- Per square foot, per year
- $4.38/SF
Your CAM = CAM pool × (1 + admin fee) × (your SF ÷ the center’s leasable SF). Leases differ on what the pool includes and whether the denominator is leased or leasable area. The example figures are illustrative, not the terms of any property.
Open the full calculator →- Realized gain
- $1,100,000
- Boot (cash + net debt relief)
- $0
- Gain recognized this year
- $0
- Gain deferred
- $1,100,000
Defer it all by buying equal or greater value, reinvesting all net equity, and replacing debt paid off with new debt or added cash. Closing costs and depreciation recapture are left out. General information only, not tax or legal advice; talk to your own tax adviser and qualified intermediary. The example figures are illustrative, not the terms of any property.
Open the full calculator →- Total cost per SF per year
- $26.00/SF
- Total per year
- $54,600
- Total per month
- $4,550/mo
Occupancy cost = (base rent + NNN) × SF. Compare suites on this number, not on base rent alone. The example figures are illustrative, not the terms of any property.
Open the full calculator →