CAP rates in Memphis, TN
CrestCore has produced an awesome interactive website ranking the zip codes in Memphis. Is there similar information on Multi-family CAP rates on either zip codes or known areas in Memphis? I'm assumming that there are CAP variations within the City. Blessings !!!
Most Popular Reply
There are cap variations from city block to city block. I would only focus on cap rates for larger assets. The smaller assets I would value based on comps. If you connect with any knowledgable realtors, they should be able to tell you valuations. I would also try to get my hands on as many OMs to see what assets are trading for.
Gino