Cap Rate Calculator

Calculate cap rate from NOI and value — or back into implied property value from a target cap rate. Describe the deal in plain English or fill in the fields.

Calculate cap rate

Net Operating Income (annual)

Property Value / Purchase Price

Back into implied value

Target Cap Rate

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Enter NOI and property value to calculate cap rate, or add a target cap rate to back into value.

Formula

Cap Rate = NOI ÷ Property Value × 100
Implied Value = NOI ÷ (Cap Rate ÷ 100)

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