CCIM study plan

Reconstruct a property operating statement into NOI by classifying each line as potential gross income, vacancy/credit loss, operating expense, or capital item

Compute cap rate, cash-on-cash return, DSCR, and debt yield from a single set of assumptions and explain what each metric isolates

Apply the band-of-investment technique to derive a capitalization rate from lender terms and investor equity requirements

Distinguish above-the-line operating expenses from below-the-line capital and financing costs without notes

Build a 5-year pro forma projecting income growth, expense growth, and capital reserves separately

Discount each year's cash flow and the reversion at a stated discount rate to produce NPV and IRR by hand and then verify with a spreadsheet

Convert a going-in cap rate and a terminal cap rate into an implied sale price and an equity multiple

Explain why IRR, NPV, and equity multiple can rank the same two deals differently

Model a leveraged acquisition and compute the effect of loan-to-value and interest rate changes on levered IRR

Run a two-way sensitivity table across exit cap rate and holding period and identify the break-even exit cap rate

Compare a hold decision against a sale decision using after-tax proceeds and reinvestment assumptions

Identify which single input the investment conclusion is most sensitive to and justify that ranking

Define a primary trade area for a given property type and list the demand drivers that would expand or contract it

Calculate absorption, vacancy, and inventory change from a two-period supply-and-demand table

Forecast market rent direction by comparing construction pipeline against projected employment and household growth

Segment a metro into submarkets and rank three of them on rent growth, vacancy trend, and supply risk

Translate a market rent forecast into an achievable rent assumption and defend the gap between the two

Measure a user's space requirement in usable and rentable square feet and convert between them using a load factor

Compute total occupancy cost including base rent, operating expense pass-throughs, and tenant improvement amortization

Compare leasing versus owning for the same user need on a total-cost and flexibility basis

Build a weighted decision matrix that scores at least three occupancy alternatives against user-defined criteria

Quantify the cost of lease flexibility such as expansion rights, termination options, and shorter terms

Evaluate a build-to-suit versus a move-in-ready alternative using present value of total occupancy cost

Identify which user assumption, if wrong, would reverse the recommendation and state the threshold

Work 60 mixed practice problems across all four domains under a single timed sitting

Categorize every miss by root cause: calculation error, misread prompt, concept gap, or time pressure

Re-derive the three formulas you missed most often from first principles without notes

Re-solve every missed problem to a fully correct answer and articulate the fix in one sentence

Complete two full-length timed practice exams and record scaled scores by domain

Rebuild weak-domain formulas and definitions from memory before checking any reference

Rehearse a 90-second explanation of each core concept out loud to expose shallow understanding

Taper to light review of the error log in the final two days rather than new material