Cap rates in North Carolina

[Jon L.]

Heya guys!

What cap rates are you getting NC - and where about in NC are you investing? What are the neighborhoods rated?

(I'm currently investing in smaller cities/towns Indiana, in C-/D properties - and getting cap rates between 13% and 15%. I just picked up a SFR in Independence, MO and expect to get a cap rate around 7% for a C neighborhood.)

Thanks for sharing! :)

[Jason E. Smith]

Jon, If you google CBRE cap rates you can find an interactive map on CBRE website. Using that map you can select your property type, subtype and class. After you've made those selections you can hover over various cities to see CAP rates (I believe the latest data is H2 2019, and the site isn't the most mobile friendly so it's better on a desktop). Lately syndicators have been "winning" deals in Charlotte NC by paying seventy five basis points under market CAP.