I worked for a mortgage servicer for 8 years doing short sales and was usually on the other end of the spectrum, clients trying to get a lower appraised values or disputing the appraisals.

The expenses appears to be on the low end of the spectrum...Why is this , class A property, recently built?

On the opposite end of the spectrum is a private HML (hard money lender) who doesn't care if you can repay the loan, only how well the deal pencils out.

If the property next door to yours, and the one on the other side, and the six other comparable assets which sold in the neighbour during the past 12 -18 months averaged out to a market CAP of 7.5, then you know where your property will need to be priced (within 1 -2 standard deviations depending on where in the spectrum you determine the property fits) when it goes to market.CAP rate are only really meaningful when  you are trying to set a sale price in a given market - we don't even look at them when we are purchasing.If you read my post above, you will see I suggested finding our the market cap rate to garner an idea of where the stabilized property should be priced when it sells.BTW:  GRM is another single-point-in-time ratio that, on its own, should carry no more water than a CAP rate in your analysis. 

But, I see your point and realize that there are others on the opposite end of the spectrum, who feel that less is more.

I'd focus on a broad spectrum of tenant types - working poor, section 8, other assistance programs.  

I run a full spectrum real estate business; I hold, wholesale and retail.

(spectrum has been hard to get information out of )Here are some details:We currently use time warner spectrum and pay a single bill for high speed internet and cable for all units.  

They do seem to range from being similar to mobile homes on one end of the spectrum, to very well designed architecture on the higher end.   

I realize this is probably not the forum for advice on such matter as its quite on the opposite spectrum, but I'm asking nonetheless.