Florida Real Estate Practice Question

An investor is analyzing a small coastal retail plaza that generates a potential gross annual income of $100,000. The local market indicates a standard vacancy and collection loss rate of 10%. The plaza incurs $36,000 in various operating expenses each year. Additionally, the investor will be taking over a commercial loan that requires monthly principal and interest payments of $1,500. If the investor requires a 9% capitalization rate, what is the estimated market value of the property?