Which term refers to properties' income figures converted into estimated values?

Income capitalization is the correct term that refers to the process of converting a property's income figures into estimated values. This method is primarily used for investment properties, where the expected income generated from the property is a critical factor in determining its value. By analyzing the net operating income (NOI) and applying a capitalization rate (cap rate), a real estate professional can estimate how much the property is worth based on its ability to generate income.

This approach is essential for investors and brokers since it provides a more practical valuation method for properties that produce income, rather than relying solely on market comparisons or cost approaches. Understanding this concept is crucial for anyone involved in commercial real estate transactions, as it directly impacts investment decisions and property appraisals.

The other terms refer to different aspects of real estate valuation and do not specifically describe the process of converting income into property value. Value assessment typically involves a broader evaluation of properties that may not necessarily focus on income. Gross Rent Multiplier is a specific calculation used to estimate the value of a rental property based on its gross rental income, but it's not as comprehensive as income capitalization. Market appraisal refers to the overall appraisal of a property based on recent sales data and market conditions, lacking the income-centric focus of the income capitalization approach