Capitalization (Cap) Rate
The rate at which net operating income is discounted to determine the value of a property; calculated as the net operating income divided by the sales price or value of a property expressed as a percentage.
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The rate at which net operating income is discounted to determine the value of a property; calculated as the net operating income divided by the sales price or value of a property expressed as a percentage.
Source: NCREIF | Date: 02 September 2025 | ID: D0972 | Version: 1