Which of the following represents a calculation method for estimating property value?

The calculation method for estimating property value that is most appropriate in this context is net income divided by the capitalization rate. This approach is derived from the income approach to property valuation, which is particularly relevant for investment properties.

By using net income divided by the capitalization rate, appraisers can estimate the value of a property based on its ability to generate income. The net income reflects the revenue the property generates after accounting for operating expenses, while the capitalization rate is a percentage that indicates the investor's expected return on investment. The formula assumes that a property’s value can be directly correlated to the income it generates, making it a critical tool in assessing the value of commercial properties or rental units.

In contrast, other options do not directly calculate a property’s value using industry-standard appraisal methods. For instance, the property tax rate multiplied by market value may relate to taxation rather than valuation. Total square footage times price per square foot can provide an estimated replacement cost but is not as representative of market value as the income approach. Similarly, monthly rent times the duration of the lease does not take into account the operating expenses or the investor's required return and thus is less precise for estimating the overall property value.