Updated over 6 years ago on . Most recent reply
Online Tools for Cape Rate
Good morning BP,
What reliable online tools are you using to determine the CAP RATE for an specific area without have to ask a BROKER or an AGENT.
Reason why I'm asking is because I have called many different brokers and agents for a determine area and seems that not one will say the same cap rate. They all vary.
If you are using a tool that you love, please share it! Thank you!.
Most Popular Reply
As @joseortega wrote there isn't a single cap rate for an area but there will be a range depending on the very specific location and quality of the asset.
Local lenders who do a high volume of deals are often the best source for cap rates, brokers are also good. Many brokers release cap rate surveys.
Here is a cool interactive cap rate map tool from CBRE.