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Cap Rate Calculator

Calculate the unleveraged income yield from annual NOI and property value.

Your assumptions

INDICATIVE RESULT
6.25%
Annual NOI€750,000
Property value€12,000,000

Calculated directly from the assumptions shown.

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FORMULA

How the cap rate calculation works

Cap rate = annual net operating income ÷ property value.

Example calculation

€750k of sustainable NOI on a €12.0m value implies a 6.25% cap rate.

INVESTMENT USE

How professionals use the result

Use cap rate to compare stabilized property income with value. Ensure the NOI definition matches the market evidence.

Common mistakes

  • Using EBITDA when comparable cap rates use NOI
  • Deducting interest from NOI
  • Ignoring normalized vacancy
  • Combining forward NOI with a trailing cap rate
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