Most books and podcast suggest going to brokers to ask and discover local cap rates. However most books and podcast also make it seem like the brokers hate tire kickers and wont work with you if your not at that moment ready to close on a deal . I feel like there is a website or sites we could look at to do our own recon before we decide that area is worth trying to build a team in . We have already done a lot of research on pop increase , wage growth , job growth , % of renters , crime rate , etc. ( all from city-data, census , best-places , IRR). Are there any out there that I'm missing ?
Check out CBRE's report regarding cap rates. That may help fill in some blanks/ be a good resource for you.
like @Chris Tracy mentioned, a lot of the larger companies put out quarterly reports on various markets. You can go to their websites and subscribe. The reports will get you a general understanding of market cap rates to use as a benchmark.