When using a multiplier to establish a price for a commercial property, which of the following is taken into account?

Operating expenses are important for assessing a property's overall profitability but are not directly considered when applying a multiplier to establish its price. While understanding these expenses is crucial for investors, the multiplier method focuses on gross income rather than net income after expenses.

The age of a property may affect its marketability and condition, but it is not a direct factor in the multiplier calculation for pricing. The multiplier approach is primarily income-focused, and while older properties might have different income potential, age itself does not determine the pricing multiplier.

Deferred maintenance can impact a property's valuation and attractiveness to buyers but does not directly factor into the multiplier used for price estimation. Instead, it may influence negotiations or adjustments to the final price based on the property's condition but is not part of the multiplier calculation itself.