Cap Rate Data by City/Asset Class

[Duke Giordano]

Hey Folks,

I was curious if you guys have found ways online to obtain average market/city specific cap rates for Different asset classes and types such as Multi-Family (Class A,B,C), Mobile Home, Self Storage, Industrial.  Obviously, the most accurate way is to contact brokers in that area, but since I am an LP i dont have broker connections and it is mainly used so I can cross check sponsor assumptions in a pitch deck just to asses ball park.

Thanks in Advance,

Duke

[Taylor L.]

CBRE issues cap rate surveys that anybody can get. You know what your acquisition cap rate (it's just math) and generally speaking I would not assume a disposition cap rate lower than acquisition, because that is not a conservative assumption. So if you can't find a market cap from someone like CBRE, at a bare minimum you can see what happens to the return projections by assuming gradual annual increases in cap rate.